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O’Brien welcomes moves towards Personal Insolvency Bill

25 January, 2012 - by Jonathan O'Brien TD

Welcoming the announcement that Minister for Justice, Alan Shatter TD, has approved publication of the heads of the Personal Insolvency Bill, Sinn Féin justice spokesperson, Deputy Jonathan O’Brien said that it was important to bring forward this legislation to help those who are in severe financial difficulties.
The Cork North Central TD said:
“This is an important step in the move towards publishing legislation on personal insolvency which is long overdue. Many people’s large personal debt is due to not being able to service the mortgage on the family home, so we hope that this will be one part of a range of measures designed to address these issues.
“I further welcome the minister’s commitment to furnish the General Scheme of the Bill to the Oireachtas Justice Committee, where our views will be taken by 1 March 2012.
“I will be calling upon the minister to take on board the concerns of members of the public and civil society bodies working in this area as well. It is absolutely essential that the timeframe indicated by the minister is held to. We cannot continue to put off addressing the problems of those who cannot meet their mortgage commitments and are facing mountains of debt.
“With regard to the Scheme of the Bill, it is essential that the proposed Insolvency Service is independent. The level of debt that will qualify for a Debt Relief Certificate must also be carefully examined. It is high time that the state moved towards a more humane approach to bankruptcy and I would hope the government continue to work on this issue rather than leaving it on the long-finger like they have done up to now.” ends

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