Dáil Éireann Debate, Tuesday - 10 February 2015
330. Deputy Micheál Martin asked the Minister for Justice and Equality if she will report on her meeting on 28 January 2015 with a group of personal insolvency practitioners; and if she will make a statement on the matter. [5892/15]
Amharc ar fhreagraAt the end of January, the Taoiseach, Tánaiste and I met with representatives of the Insolvency Service of Ireland (ISI) and a selection of Personal Insolvency Practitioners (PIPs) in order to hear first-hand the PIPs' experience of working to put arrangements in place between people struggling with debt and their creditors.
While some financial institutions are constructively engaging in the process, clearly, others are not.
A number of suggestions were made by the PIPs with a view to improving engagement by creditors in the process.
I am considering those suggestions, and proposals received from a range of stakeholders, in the context of the review of the operation of the insolvency legislation to ensure that the ISI has the powers necessary to support families willing to work their way through their debt problems. This review follows the commitment in the Statement of Government Priorities 2014-2016.
