Kenny: Insolvency legislation will only help those genuinely in need

Taoiseach Enda Kenny has said he he hopes insolvency legislation will be in the Dáil before the summer break, but emphasised that it will only be of benefit to individuals genuinely in distress with their debts.

The Personal Insolvency Bill, when put into law, will give mortgage holders greater flexibility in restructuring their payments and in some cases, could see seriously struggling individuals have debts written off.