Stephen Donnelly (Wicklow, Independent) | Oireachtas source

On that test, one has to make a judgment call as to what is a reasonable percentage of household income to pay against the debts. Two people could look at a case and one might say these people can meet their debt repayments and therefore they are solvent, while another might say they are not solvent as they are paying 40% of their net income, which is an unsustainable portion. Therefore, on the basis that they need money to lead a dignified life, they are insolvent. Is a person who is not in arrears but has struggled too much to stay out of arrears by paying more than a third of household income to service the mortgage, which is the UK guideline, technically insolvent? Would Mr. O’Connor agree with that analysis and say that people in those situations could therefore avail of the insolvency process?