Mr. Lorcan O'Connor:

From our perspective, it is not for us to say what is a good or a bad proposal. From a regulatory perspective, it is our role to look at sample cases to ensure they are sustainable. That is the test for the PIP - to establish that the person will return to solvency. It is not the role of the Insolvency Service of Ireland to say whether a particular proposal is good or bad. It is about the proposal having the support of creditors and debtors while meeting the legislative requirements.