MacSharry and Fianna Fail looking to amend insolvency legislation

Fianna Fáil’s calling for amendments to the personal insolvency legislation.

The party says the law is not fit for purpose and must be changed to put home owners first.

The call comes as new figures show just 4 review applications were approved by Insolvency Service of Ireland – since it was granted limited powers – to overturn a bank veto on a proposed settlement with a creditor last year.

Sligo TD Marc Mac Sharry says they’ll table new legislation in the coming weeks: