Jim Walsh (Fianna Fail) | Oireachtas source

That Bill would have solved some of the problems which were identified in this House at the time the then Minister, Deputy Alan Shatter, was ramming through the insolvency legislation. It was obvious at the time that its provisions would neuter any effectiveness the Bill should have had. In Wexford 13.09% of people with mortgages are in default. The level of arrears ranges from 10.2% to 19% across every county. It is an appalling scenario. I agree with Senator Aideen Hayden who said there is a tsunami of repossessions coming but what in the name of God is the Government doing about it? It is in government, not in opposition, but what is it doing about it? It has the power to change it. It has the power to give a balance so that people are not removed from their houses.