S.I. No. 337/2013 - Personal Insolvency Act 2012 (Notification in relation to Excludable Debt) Regulations 2013.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 3rd September, 2013.

The Insolvency Service of Ireland, in exercise of the powers conferred on it by section 3 of the Personal Insolvency Act 2012 (No. 44 of 2012) (the “Act”), hereby makes the following regulations:

1. These Regulations may be cited as the Personal Insolvency Act 2012 (Notification in relation to Excludable Debt) Regulations 2013.

2. The information about the debtor’s affairs prescribed for the purpose of section 28(2)(a) of the Act shall be, in so far as this information is applicable to the debtor, the information set out at Schedule 1 of the Personal Insolvency Act 2012 (Prescribed Financial Statement) Regulations 2013 ( SI No. 326 of 2013 ).

3. The information about the debtor’s affairs prescribed for the purposes of sections 58(2)(a) and 92(2)(a) of the Act shall be, in so far as this information is applicable to the debtor, the information set out at Schedule 2 of the Personal Insolvency Act 2012 (Prescribed Financial Statement) Regulations 2013 ( SI No. 326 of 2013 ).

GIVEN under the seal of the Insolvency Service of Ireland,

2 September 2013.

LORCAN O’CONNOR,

Director of the Insolvency Service of Ireland.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations prescribe the information about a debtor’s affairs that shall accompany a notification to a creditor of an excludable debt in circumstances where the debtor wishes a Debt Relief Notice to be issued in respect of the excludable debt or, where a personal insolvency practitioner proposes to include an excludable debt in a proposal for a Debt Settlement Arrangement or Personal Insolvency Arrangement.