Ms Julie Sadlier:

Sadly, I am getting acclimatised to it, but that is how bad it is.

If I could raise one veto on bankruptcy, there is absolutely no guarantee of protection of the family home in bankruptcy. Although it is a fantastic remedy for debt, from our organisation's point of view, where our focus is the family home, the Deputy is correct that people are rightly terrified of it because the secured asset continues to belong to the bank in bankruptcy and the bank can wield the same stick to the bankrupt's carrot that it waves in MARP and in personal insolvency veto. I would sound a note of caution. I know where people are coming from on that and I would be very concerned.