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Question

473. Deputy Róisín Shortall asked the Minister for Justice if she plans to reform personal insolvency legislation around the position for a person’s credit rating when they exit a personal insolvency arrangement; and if she will make a statement on the matter. [57191/21]

Answer

Minister for Justice (Deputy Helen McEntee): I am aware that concerns have been raised about the restoration of a person’s credit rating after they have completed a personal insolvency arrangement. However, the operation of credit registries does not fall within my remit as Minister for Justice.
The Credit Reporting Act 2013 (as amended) provides the statutory basis under which the Central Bank of Ireland operates the Central Credit Register. It sets out provisions with respect to matters such as the retention, amendment and correction of information on credit situations.
More generally, the Deputy may be aware that the the Programme for Government commits to introducing necessary reforms to our personal insolvency legislation and ensuring that sufficient supports are in place for mortgage holders with repayment difficulties. As outlined in Justice Plan 2021, I plan to complete a statutory review of Personal Insolvency Acts 2012-2015 and to prepare a Scheme of a Personal Insolvency (Amendment) Bill based on outcome of that review.