Tanaiste: Bankruptcy may be further reduced to under three years
THE Government will consider reducing the period of bankruptcy even further amid concerns about the impact the system is having on families and businesses, Tanaiste Joan Burton has said.
Ms Burton told the Dail today she sees "merit" in reducing the bankruptcy period below the current maximum limit of three years.
Bankruptcy was reduced from 12 years-three years in December 2013 after new legislation was enacted by the then Justice Minister Alan Shatter.
But speaking during 'Leaders' Questions' today, the Labour Party leader indicated that measures will be taken to further reduce the limit.
"There is merit in examining the case in reducing it even further," Ms Burton said.
The Dublin West TD made the remarks during exchanges with Sinn Fein deputy leader Mary Lou McDonald about insolvency.
Ms McDonald said 100,000 homes are facing an immediate risk of repossession and accused the government of facing families.
Ms Burton said while the number of people in negative equity is falling, she would like to see more progress.
" The number of people in negative equity and the number of people in mortgage difficulty, thankfully, is falling, not as far and not as fast as we would like them to be falling," she said.
Earlier, Ms Burton was challenged over the Government's commitment to Rural Ireland.
Challenged by Fianna Fáil Transport spokesperson over Bus Eireann's plans to curtail rural services, Ms Burton said the matter is being examined by the company.
"I know that Bus Eireann are now looking at those plans and taking into account how they can best address the needs of the community," she said.
Ms Burton was also challenged about the record of her deputy leader Alan Kelly, when was Minister for State with responsibility for Public Transport.
Mr Dooley said that the only thing Mr Kelly, a Tipperary TD, achieved in this role was to "protect the rail line between Nenagh and Ballybrophy.
Ms Burton then raised the issue of post offices, accusing Fianna Fai of overseeing the 1,100 post offices when in government.