Receivership legislation
Brian Walsh asks about legislation following a consultation on rising personal and corporate receiverships; the Minister acknowledges the serious problem and invites specific proposals for consideration in the forthcoming Finance Bill.
As the Minister is aware, the volume of receiverships among private individuals and corporate entities has risen sharply in recent years as a result of the property crash. It is having an impact on many organisations, not least of which are the banks but also the Revenue Commissioners. The Minister initiated-----
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I wish to ask about consultation and legislation. The Minister initiated a consultation process-----
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What is the status of the process and will measures be included in the next finance Bill to deal with the problem?
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Is the finance Bill not future legislation?
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What I am trying to get across is that one cannot discuss the content of Bills on the Order of Business. Parliamentary questions are designed for that purpose.
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The high incidence of receiverships has been a very serious issue, arising, as Deputy Brian Walsh outlined, from the collapse in the economy. If the Deputy has specific measures in mind, he should communicate with me and I will have his proposals assessed in the context of the forthcoming finance Bill.