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{
    "id": 40847,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/40847/?format=api",
    "text_counter": 336,
    "type": "speech",
    "speaker_name": "Ms. Karua",
    "speaker_title": "",
    "speaker": {
        "id": 166,
        "legal_name": "Martha Wangari Karua",
        "slug": "martha-karua"
    },
    "content": "Madam Tempraory Deputy Speaker, on individuals, there are people who may opt to file for bankruptcy to avoid paying debts. We should also tighten that area, so that if, after going through bankruptcy proceedings, anyone found to not have been truthful about what they own, action is taken and those who would otherwise have benefitted should have recourse. We ought to critically look at the provisions. I have looked at the Memorandum of Objects and Reasons and the question we must answer at the Committee Stage is whether the Bill, in its current form, will help us to maximize the value of the liquidated assets. How shall we ascertain the value of the liquidated assets, so that we can maximize on that value? What sort of inventory should the insolvency manager fill, so that we can be measuring against that as they make their returns? Have we specified offences which will enable us to prosecute managers and directors, whose illegal actions contribute to the insolvency of a firm?"
}