Click image below to visit our debtor focussed information website Back on Track



Click here for details
on how to avail of a
FREE PIP
consultation

Consultation on Insolvency Directive

In early 2017, the Department of Justice and Equality and the Department of Jobs, Enterprise and Innovation ran a joint consultation seeking views of interested parties on a recent proposal by the European Commission. 

The proposed Directive seeks to harmonise, for the first time, substantive provisions of national laws and frameworks across Member States in the area of business insolvency. It covers both company debts, and the debts of an over-indebted person who is or was carrying on a trade, business, craft or profession. Each Member State also has an option, under the proposal, to extend the proposal’s application to over-indebted persons with non-business debts. 

The proposal would affect Irish personal insolvency and bankruptcy law, as well as company insolvency law (including examinership).  

The Oireachtais Joint Committee on Justice and Equality also sought the views of the Insolvency Service of Ireland on this matter.

 

The Insolvency Service of Ireland submissions are set out below: 

Consultation on proposed Insolvency Directive Joint Oireachtas Committee

Letter to DJE with Submission 31 Jan 2017

Letter to Joint Oireachtas Committee with Submission 31 Jan 2017

 

Further details of the proposed Directive are below: 

EU Country Fact Sheets

EU Press Release

EU Proposal

EU Q & A

EU Fact Sheet

EU Impact Assessment Insolvency Proposal