Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Images_of_Money via Creative Commons

Poll: Will the Personal Insolvency Bill help people struggling with debts?

Proposed legislation to reform Ireland’s bankruptcy regime were unveiled this week. Do you think they’ll help?

MINISTER FOR JUSTICE Alan Shatter published long-awaited new legislation on reforms to Ireland’s bankruptcy laws yesterday.

The Personal Insolvency Bill 2012 allows for some debts, such as mortgages, to be written down. It also proposes reducing the minimum discharge time of persons declared bankrupt from 12 years to three years.

However, the Bill has come under criticism for allowing lenders to have the final say in which debts are approved for the scheme. Lenders will also decide how much borrowers pay back over a five-year period under a Debt Settlement Arrangement.

Do you think the Personal Insolvency Bill will help Irish people who are struggling with their debts?


Poll Results:

No (477)
I don't know (336)
Yes (203)

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
41 Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds