Seanad debates

Thursday, 17 December 2015

Bankruptcy (Amendment) Bill 2015: Committee and Remaining Stages

 

10:30 am

Photo of Aodhán Ó RíordáinAodhán Ó Ríordáin (Dublin North Central, Labour) | Oireachtas source

I reiterate the point that under the transitional provisions, assuming there are no grounds for extension an existing bankruptcy which was due to terminate three years after adjudication, if it is already due to terminate less than six months after the commencement date, will terminate on its due date. Otherwise, it will terminate one year after adjudication or six months after commencement if that is the later date.

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