What is the timeframe for the personal insolvency Bill and will there be ancillary legislation in the contexts of the banks and the State agencies that will deal with insolvency?

A committee is to consider the heads of that Bill and the objective is to have completed its consideration of the heads by the end of February. Detailed drafting of the final Bill will then take place before it is published shortly thereafter. With regard to ancillary matters, the personal insolvency Bill is part of a package of measures and the Government is proceeding to implement the recommendations of the group it established to deal with the issues of mortgage distress and negative equity. The personal insolvency Bill is the responsibility of the Minister for Justice and Equality and the Minister for Finance, the Minister with responsibility for housing and the Minister for the Environment, Community and Local Government have responsibility for some of the ancillary matters. A co-ordinating group within the Department of Finance is driving this ahead and is reporting directly to the economic management council of the Government.