Mr. Lorcan O'Connor:

It would be in the interests of the bank to ensure its loan is sustainable. If a debtor tells a bank that it is just not possible for him or her to continue on this basis, the bank needs to be mindful of what the consequences might be if it does not engage. It would appear - based on the scenario the Deputy painted - that it is a marginal case. It would strike me that the ability should be there for both parties to come to a reasonable solution, short of any formal process.