Seanad debates

Tuesday, 11 December 2012

Personal Insolvency Bill 2012: Report and Final Stages

 

Government amendment No. 22: In page 26, to delete lines 25 to 29 and substitute the following:"(g) has not, during the period of 2 years ending on the application date?(i) entered into a transaction with a person at an undervalue that has materially contributed to the debtor?s inability to pay his or her debts (other than any debts due to the person with whom the debtor entered the transaction at an undervalue), or (ii) given a preference to a person that has had the effect of substantially reducing the amount available to the debtor for the payment of his or her debts (other than a debt due to the person who received the preference);".

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