It’s 1st March 2013, this coming Friday. But don’t get too excited just yet, as most of the Act is not being commenced at this time.
The announcement was contained in yesterday’s edition of Iris Oifigiuil.
It is a partial commencement date which applies to parts of the Personal Insolvency Act 2012 – available here – but mostly to the Insolvency Service. Note that the entire Act is not being commenced.
What does it mean?
For now, you still can’t access the processes provided for under the Act, the Debt Relief Notices, Personal Insolvency or Bankruptcy. It just means that the Insolvency Service is up and running. Pressure still needs to be brought on the justice minister, Alan Shatter to commence the entire legislation which he is being frogmarched into introducing, by the IMF – if we were relying on the soporific minister alone to reform our draconian bankruptcy laws, we would have a very long wait indeed.
thanks for this update.
How long will it take to get organised and the bill commenced in its entirety? There must be a lot of people watching and waiting.
@JR, I believe the latest from the Minister is that it will be commenced in its entirety “in the near future” – nothing more specific than that, and that is from yesterday.
Like every other comparable statutory body in living memory in this State, you can take it as read that it will be understaffed and underfunded from the get-go. Expect delays. Big delays.