Insolvency law - Unseemly mudslinging

Independent TD Stephen Donnelly’s assertion that members of the Oireachtas Finance Committee do not take their work “all that seriously” seemed disturbingly real.

The relative indifference appeared to have been confirmed by the failure of any of the committee to point out the Personal Insolvency Arrangements due to come into effect next week could extend over 20 years.

There has been some unseemly mudslinging, with suggestions yesterday that bankers have been trying to undermine the new insolvency measures before they even come into effect. David Hall of the Irish Mortgage Holders Organisation accused the banks of trying to subvert the measures.