Call for clarity on insolvency legislation flaw

The Irish Mortgage Holders Association has called for clarity on why the Government has not acted to address an apparent flaw in the personal insolvency legislation.

It emerged yesterday that the Department of Justice was warned in April an amendment was needed to address potential problems with the act.

A briefing note, prepared for Frances Fitzgerald on her appointment, said a short technical bill was needed to correct “a potentially serious drafting ambiguity” in the 2012 Personal Insolvency Act.