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Dáil
‹ Order of Business

One-year bankruptcy Bill

Summary

Peter Mathews urges the Government to fast-track a one-year bankruptcy Bill, linking it to debt distress, health problems and banking failures. The Minister says the proposal is contained in a committee report but is not currently promised legislation.

I have two items under consideration. The first is Deputy Penrose's Bill for one-year bankruptcy. At present, an increasing and pressing inequality is visibly apparent. The Ceann Comhairle will have seen Professor David McWilliams's television programme, which shows, in simple Seán and Mary language, what a few Members have been trying to get across and impress on the Government's minds for the past four years. Unfortunately-----

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Seán Barrett An Ceann Comhairle Fine Gael

Is it a Private Members' Bill?

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I believe it is being supported by the Government but it needs to be fast-tracked because there are 100,000-----

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Seán Barrett An Ceann Comhairle Fine Gael

Yes, I appreciate the-----

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No, there was an undertaking-----

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Seán Barrett An Ceann Comhairle Fine Gael

I just want to-----

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Definitely an undertaking, by the Government.

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Seán Barrett An Ceann Comhairle Fine Gael

Yes, okay.

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One-year bankruptcy is needed, people are being bullied-----

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Seán Barrett An Ceann Comhairle Fine Gael

Yes, that is grand. I think that we have a reply for the Deputy.

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I was at the IMO briefing session at which doctors had people in their surgeries whose health is falling apart. Suicides are taking place because the banks are out of control. They caused the problem, and the banking inquiry has not even revealed this-----

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Seán Barrett An Ceann Comhairle Fine Gael

Thank you Deputy.

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-----but there is measurable culpability on the part of bank boards for the collapse-----

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, we cannot discuss any issue. This is about promised legislation.

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We can if it affects the people of Ireland, a Cheann Comhairle.

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Seán Barrett An Ceann Comhairle Fine Gael

No, not on this particular item.

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Under the umbrella of legislation we can.

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I understand that-----

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Seán Barrett An Ceann Comhairle Fine Gael

We can when the legislation is published.

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I understand Deputy Penrose's proposal is contained in a committee report, which obviously will be considered by the Government. However, there is no promised legislation in respect of it at this point.

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Right. So the Government is prepared to let the people-----

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Seán Barrett An Ceann Comhairle Fine Gael

No, thank you. Deputy Carey.

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-----be oppressed by the banking sector, which caused the problem and it can be shown from their balance sheets-----

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Seán Barrett An Ceann Comhairle Fine Gael

Sorry, Deputy, you got your answer about the legislation. Please respect the Chair.

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-----which the banking inquiry has failed to do.

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Seán Barrett An Ceann Comhairle Fine Gael

Please respect the Chair. Thank you. Deputy Carey.

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