Seanad debates
Thursday, 23 January 2014
Order of Business
10:40 am
John Kelly (Labour) | Oireachtas source
The Insolvency Service of Ireland employs 90 staff at its offices on the Conyngham Road and there has been one resolution to date using the insolvency legislation. It appears that only people with money can access the service. Nobody in authority can tell us who pays for the personal insolvency practitioner. The reality is that personal insolvency practitioners will take on cases where - to paraphrase an expert - there is meat on the bone, in other words something in it for them. The real people who are affected are getting no service whatever from it. The experts are saying that the big problem is the banking veto, which must be removed. Members should watch this space because this will be a major issue over the next year. Some 132,000 families are threatened with losing their homes and nothing is being done for the real people on the ground.
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