Seanad debates

Thursday, 17 December 2015

Bankruptcy (Amendment) Bill 2015: Committee and Remaining Stages

 

10:30 am

Photo of Averil PowerAveril Power (Independent) | Oireachtas source

I noted the Minister of State's response on the transitional periods but I am no more enlightened than was the case when I asked the question. He stated he is satisfied that the transitional period will work smoothly. The specific question I asked relates to the approximately 1,000 people who have already been in bankruptcy from more than 12 months. As I understand it, they will become eligible to be discharged six months after the Bill comes into force. Will they all become eligible on that date and will the Insolvency Service of Ireland then be obliged to work through each of the individual cases and be satisfied that the bankruptcy is appropriate and that they should not be extended to a longer time limit or will it start working immediately after the Bill is passed and use that six-month period to deal with people, in chronological order perhaps, starting with those who have been in the process the longest and start letting people go on a week by week basis rather than ensuring that all cases fall due on the same date?

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