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Government kicks issue of bankruptcy to touch once again – Doherty

5 November, 2015 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson and TD Pearse Doherty has accused the government of failing to address the issue of reducing the term of bankruptcy from three years to one.  He said the Justice Committee’s recommendation to create a one year bankruptcy system has been sitting on the Minister’s desk for four months now.

The Donegal South-West TD said:

“When I questioned An Taoiseach on the issue, I was disappointed with his response. It seems there is no intention to have this issue brought to the government as a matter of urgency. The Minister for Justice has now been sitting on the Justice Committee’s recommendation for four months now.

“This was supposed to be a key Labour Party issue. Sinn Féin has called on the term of bankruptcy to be reduced from three years to one. This would harmonise the systems north and south and would make it easier for people to exit situations of personal insolvency.

“Labour TD and former Minister Willie Penrose brought forward a Bill earlier this year, but still the government fails to act. In a written response from Minister Fitzgerald, her response was the usual weak brush off that we have come to expect from this government, saying that she ‘intends to bring the matter to Government in due course’.

 “The Justice Committee and the Finance Committee have called for a change in the duration of the term, yet the government has failed to act. This government has presided over one of the worst periods for personal insolvency in the history of the state, and yet they seem remarkably unwilling to ease the burden of those caught in the cycle of bankruptcy.” 

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