Shatter: Personal insolvency legislation due by end of month
Justice Minister Alan Shatter
Justice Minister Alan Shatter has confirmed that new laws on personal insolvency will be published by the end of this month.
Speaking this morning Minister Shatter said the "hugely complex" Bill is almost complete and will hopefully be enacted in the early autumn after debate in the Dáil.
"Once it is published people will have a clear roadmap of where we are going to, of what the options are that are available to them, and it will also provide an encouragement for the financial instituations to deal directly with people who are in genuine difficulthy," he said.
"The main ethos of the Bill is to ensure that it provides assistance to those who truly cannot meet their financial obligations."
The Government has previously denied it was dragging its heels on the delayed Bill, originally to have been published at the end of April.
A range of voluntary debt settlement systems are outlined in the draft version of the laws, as well as a plan to cut the period of bankruptcy from 12 years to three.
Click to stay connected with
more stories like this:
more stories like this:
