Written answers

Wednesday, 12 January 2011

2:30 pm

Photo of Joe CareyJoe Carey (Clare, Fine Gael)
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Question 96: To ask the Minister for Finance when the in depth review of the personal debt regime will be published, as promised in the EU/International Monetary Fund programme of financial support for Ireland; and if he will make a statement on the matter. [1313/11]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The Memorandum of Understanding document, attached to the EU/IMF Programme of Financial Support for Ireland which the Deputy refers to, identifies the early publication of the in-depth review of the personal debt regime as well the commencement of work on reform of legislation which will balance the interests of both creditors and debtors as actions to be delivered by end of the first quarter in 2011. The Deputy will be aware that the final report on Personal Debt Management and Debt Enforcement (Final Report) was published by the Law Reform Commission in December 2010 and can be accessed at www.lawreform.ie.

The Deputy will also be aware that my colleague Mr. Dermot Ahern T.D., Minister for Justice and Law Reform, has indicated to the House on several occasions that he intends to give early attention to the recommendations in the Final Report.

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