Bankruptcy Bill and insolvency debate
Senators defend supporting Deputy Penrose’s bankruptcy Bill against accusations of political positioning, while seeking a debate on insolvency mechanisms; the Chair allows Senator Wilson to continue.
While he purports to portray his comments as support for the Bill, it is nakedly obvious that it is only cynical positioning ahead of the next general election.
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I am down in the courts all the time.
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Perhaps we might have a debate on our insolvency mechanisms and enable Deputy Willie Penrose's Bill to have a smoother transition through both Houses?
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I second my colleague Senator Thomas Byrne's amendment to the Order of Business. In doing so I commend Deputy Willie Penrose who is attempting to have legislation passed through the Lower House in order to provide for a one-year bankruptcy provision. Any of us dealing on a daily basis with people in difficulties - I have some experience of it myself, which is no news to this House - will be aware that the banks are not the easiest to deal with if they think they have anything to hang over someone.
I would be supportive of the amendment to the Order of Business and Deputy Willie Penrose in his attempt to get the legislation through the Lower House. I hope recent reports that some members of the larger party are trying to prevent him from doing this are not correct.
I also support Senator Mark Daly's proposed amendment to the Order of Business. The issue has been ongoing in the House since I was elected to it.
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The Senator raised it himself last week.