Personal insolvency amendment
Deputy Cahill says the Bill does not help farmers and others whose liabilities are tied to land rather than a private residence. The Tánaiste points to the Seanad as the legislative vehicle to address the issue.
I raise an issue concerning the Personal Insolvency (Amendment) Bill 2020. Some of my constituents have found this legislation very beneficial to them, but it will not be possible for people who do not have arrears on their private residences to use this legislation to try to sort out their financial problems. Farmers, especially, would not have mortgage arrears on private residences because all their financial liabilities would be attached to their lands. This is an omission in the legislation. Will the Government look at amending the Bill to allow people who do not have liabilities on their principal private residences to access its protections?
