One-year bankruptcy Bill
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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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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No, there was an undertaking-----
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Definitely an undertaking, by the Government.
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One-year bankruptcy is needed, people are being bullied-----
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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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-----but there is measurable culpability on the part of bank boards for the collapse-----
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We can if it affects the people of Ireland, a Cheann Comhairle.
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Under the umbrella of legislation we can.
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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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-----be oppressed by the banking sector, which caused the problem and it can be shown from their balance sheets-----
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-----which the banking inquiry has failed to do.