Coalition row looms over bankruptcy term change

Tensions in the Coalition are mounting over disagreement between Fine Gael and Labour on whether the bankruptcy term should be reduced from three years to one to help debt-ridden families.

Taoiseach Enda Kenny said easing access for people to claim bankruptcy could directly hit small businesses and credit unions, who would lose out on debts owed.

Labour are pushing for the bankruptcy term to be reduced from three years to one. Westmeath TD Willie Penrose, who has published a bill to change the terms, told RTÉ the current system was not working.