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Personal Insolvency Act

Dáil Éireann Debate, Thursday - 23 May 2013

Thursday, 23 May 2013

Questions (145)

Tom Hayes

Question:

145. Deputy Tom Hayes asked the Minister for Justice and Equality if, where a person and their spouse apply for insolvency, entering an insolvency agreement will affect the spouse's qualified financial advisor qualification; if it will affect other employment opportunities with AIB, Bank of Ireland or other State-owned companies.. [24964/13]

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Written answers

I refer the Deputy to my reply to Parliamentary Question 278 on 7th May, 2013. The position remains as stated.

Reply to Parliamentary Question 278 of 7th May, 2013.

The Personal Insolvency Act 2012 does not require that a person's employment be affected by entering into an insolvency arrangement. However, certain professions may be governed by bodies where personal finances may be subject to regulation requirements.

Therefore, it would not be appropriate for me to comment on the possible consequences of a person entering into an insolvency arrangement. It would, rather, be a matter for the relevant professional body and/or employer, as the case may be. I should also note that the specifics of individual cases whereby persons may be seeking an insolvency arrangement are a matter for the Insolvency Service of Ireland rather than for me as Minister.

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