DEBTORS COULD emerge from bankruptcy in less than five years under new legislation to be outlined by the Government within a fortnight.

The Cabinet has discussed whether the issue of mortgages should be incorporated into the Personal Insolvency Bill, which will significantly reduce the bankruptcy term from its current minimum of 12 years.

While publication of the Bill is a condition imposed by the EU and the IMF as part of the bailout package, Mr Shatter said he would nevertheless have tried to introduce it “in different economic circumstances”.

He said many of those who complained of being rendered insolvent “voluntarily placed themselves in positions . . . in which they raised money from banks and money that may have been very unwise to raise.

“Some individuals who now are trying to wash their hands of personal responsibility for borrowings at levels that were verging on the insane, deserve little sympathy”.

 

Bill will cut bankruptcy term for debtors to five years or less (Irish Times)

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Caboosicle writes:

Although I agree with Broadsheet’s position with regards to SOPA, I feel that
as an Irish based website, you should be more concerned when the Irish
Governments plan to restrict the ability of Irish people to use the
internet as they see fit.

On December 19, 2011, the Irish Times stated that the Minister of State for Research (among other things) plans to allow record companies and such to be allowed to seek injunctions banning internet service providers (ISPs) from allowing access to so called online piracy sites:

This comes despite an European Court Ruling (which can be found here)
from the November 24, 2011 which says:

“EU law precludes the imposition of an injunction by a national court which requires an internet service provider to install a
filtering system with a view to preventing the illegal downloading of files”, 

I find it a pity the Minister of State for Research [Sean Sherlock] has not
done his research and told EMI et al that what they are asking for is
illegal.

I hope you are as concerned about the implications that this may have
as I am and I hope you will highlight this, as you see fit.

httpv://www.youtube.com/watch?v=bsYrGIQnmxo

Ralph Fiennes tackles a Shakespearean play few have read (outside the Leaving) and gets to prowl around with a Redgrave and a scowl on his face that would curdle milk.

Zounds like fun.

Zounds.

Never mind.

Release Date (Ireland): January 20.

Tonight’s Evening Herald and today’s Irish Independent (above). The interwebs will “make you stupid”,”destroy” your relationships (with everyone) and “make you infertile”.

Ah here.

We’re in the room.

Broadsheet.ie