Dáil Éireann Debate, Tuesday - 15 July 2014
584. Deputy Terence Flanagan asked the Minister for Justice and Equality her plans to reduce the term for which one remains bankrupt from three years to one year; and if she will make a statement on the matter. [31282/14]
Amharc ar fhreagraThe reform of the bankruptcy regime under the Personal Insolvency Act 2012, which reduced automatic discharge from bankruptcy from 12 years to 3 years, constituted a far-reaching and substantial reform of our bankruptcy law.
I can confirm that, at the moment, there is no intention to amend the law on the bankruptcy term; however, I will continue to keep the legislation under review.
