Written answers

Tuesday, 10 February 2015

Department of Justice and Equality

Personal Insolvency Practitioners

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)
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330. To ask the Minister for Justice and Equality if she will report on her meeting on 28 January 2015 with a group of personal insolvency practitioners; and if she will make a statement on the matter. [5892/15]

Photo of Frances FitzgeraldFrances Fitzgerald (Dublin Mid West, Fine Gael)
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At the end of January, the Taoiseach, Tánaiste and I met with representatives of the Insolvency Service of Ireland (ISI) and a selection of Personal Insolvency Practitioners (PIPs) in order to hear first-hand the PIPs' experience of working to put arrangements in place between people struggling with debt and their creditors.

While some financial institutions are constructively engaging in the process, clearly, others are not.

A number of suggestions were made by the PIPs with a view to improving engagement by creditors in the process.

I am considering those suggestions, and proposals received from a range of stakeholders, in the context of the review of the operation of the insolvency legislation to ensure that the ISI has the powers necessary to support families willing to work their way through their debt problems. This review follows the commitment in the Statement of Government Priorities 2014-2016.

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