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Seanad
‹ Order of Business

Bankruptcy Bill and insolvency debate

Summary

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.

One can support it.

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One can support it.

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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.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Diarmuid Wilson to continue, without interruption.

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