Seanad debates

Friday, 30 April 2021

Personal Insolvency (Amendment) Bill 2020: Report and Final Stages


10:00 am

Photo of Michael McDowellMichael McDowell (Independent) | Oireachtas source

I proposed this amendment on Committee Stage and at the request of the Minister of State, I withdrew it and indicated I would consider what he had said in reply. I want to make the following observations. The Minister of State told the House the Insolvency Service of Ireland had advised that there was no history to date of people arranging their affairs to avail of a personal insolvency agreement in an improper way. On reflection, it seems that was because it was literally impossible to do so. The cut-off date that used to exist, 1 January 2015, which the Bill removes, was already in the past when section 115A was introduced. It was a very effective safeguard.

I notice Senator Keogan coming into the Chamber to second the amendment but it has already been done.


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