Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

The last time the banks came before the committee there was a very strong difference of opinion on stating that writing a legal letter to distressed customers was a resolution process. It might be the commencement of a resolution process to get matters under way, and a legacy debt which is not categorically dealt with or concluded after an assisted voluntary sale or repossession is not a resolution process either. It means that for the rest of their lives the people involved have a debt hanging over them.