An IFA delegation recently met with the Minister for Justice Helen McEntee and the minister of state for law reform James Browne to discuss ongoing reform of the Personal Insolvency Act.
IFA farm business chairperson Rose Mary McDonagh welcomed the Personal Insolvency (Amendment) Bill as it removes the requirement for debt to have originated prior to 2015 in order to be considered relevant debt under the Personal Insolvency Act.
The bill was debated in the Seanad last week, and it is expected to be implemented without delay.
Ms McEntee outlined that the general scheme of a more comprehensive amendment bill will be introduced towards the end of this year.
IFA conveyed to the minister that debt secured by farmland should be considered re…
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