Seanad debates

Thursday, 17 December 2015

Bankruptcy (Amendment) Bill 2015: Second Stage


10:30 am

Photo of Paschal MooneyPaschal Mooney (Fianna Fail) | Oireachtas source

I welcome the Minister of State. I can confirm that Fianna Fáil supports the Bill, but we have certain reservations. I remember debating the original Act of 2012 when the then Minister, Deputy Alan Shatter, was before the House. At the time, myself and other Senators argued strongly that the bankruptcy term should be reduced to one year, primarily because at the time one had a significant number of people travelling to the United Kingdom. It seemed at the time - and still seems to be the case, which has now been recognised by the Government - that enormous difficulties are created by having two separate terms of bankruptcy when two jurisdictions are located close together. I commend Deputy Willie Penrose-----


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