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Labour delivers on the Personal Insolvency Bill

January 28, 2012

Protecting distressed mortgage-holders and working to make sure that families can remain in their homes is a priority for Labour and this week Labour has delivered on that with the Personal Insolvency Bill. The Personal Insolvency Bill is a significant piece of legislation which will radically reform Ireland's bankruptcy laws giving many householders, including those in serious mortgage arrears, some level of hope. It proposes non-judicial debt settlement procedures, a Debt Settlement Process and Personal Insolvency Arrangement, allowing home owners to enter into an arrangement with banks in order to write down mortgage debt on a case by case basis. Over the coming weeks the legislation will now be debated at Committee stages in the coming weeks and will then be teased out in even greater detail in the Dáil giving an opportunity to take on board concerns and feedback from the various interested parties. The Tánaiste Eamon Gilmore spoke about the Bill during Leaders' Questions this week and you can watch what he said in the video clip.

Policy Focus

Towards Recovery

March 6, 2011

Towards Recovery

Programme for a National Government 2011 - 2016


On the 25th February a democratic revolution took place in Ireland. Old beliefs, traditions and expectations were blown away. The stroke of a pen, in thousands of polling stations, created this political whirlwind. The public demanded change and looked to parties that would deliver the change they sought. In that election record numbers of Irish people turned to, and chose, Fine Gael and Labour.

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