Joanna Tuffy (Dublin Mid West, Labour)
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Question 192: To ask the Minister for Justice and Equality the position regarding proposals to set up an insolvency service for debt settlement; if this service will be independent of the Government and the banks; and if he will make a statement on the matter. [3228/12]

Alan Shatter (Dublin South, Fine Gael)
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In line with a commitment in the Programme for Government, the Personal Insolvency Bill is in the course of being urgently developed in my Department to provide for a new framework for settlement and enforcement of debt and for personal insolvency. It is intended that the Heads of the Bill, which are expected to be finalised in the near future, will be forwarded to the Joint Oireachtas Committee on Justice, Defence and Equality for its consideration. The issue of the establishment of an independent Insolvency Service will be addressed in the Heads of the Bill. The commitment under the EU/IMF Programme of Financial Support for Ireland is to publish the Personal Insolvency Bill in Quarter 1 of 2012.