Alex White (Dublin South, Labour) | Oireachtas source

Group 6 concerns provisions in regard to the prescribed financial statement, which is a critical requirement in the new debt resolution processes in the Personal Insolvency Act 2012. Amendment No. 10 contains technical amendments to section 29(2) of the Personal Insolvency Act 2012. The new paragraph (c) in subsection (2) in regard to the prescribed financial statement completed by the debtor under section 27 now includes a reference to the statement required of the approved intermediary, under section 27(6), in paragraph (a) of subsection (2).

The amendment to section 29(2), paragraph (d), is a drafting improvement to make it clear that the debts concerned are those as specified in the prescribed financial statement submitted by the debtor. Amendment No. 24 amends section 136(1) of the Personal Insolvency Act 2012 in regard to the prescription of a prescribed financial statement by now referring to part 2 in total of the Act rather than referencing the individual debt resolution processes.