Mr. Brendan O'Connor:

To be clear, when a house is surrendered, we include rent under reasonable living expenses and then calculate whether there is anything left to service the debt afterwards. We do not service it ad infinitum. Typically, it is for a shorter period than a personal insolvency agreement. Why else would one participate in the first instance? The payments can be quite nominal. However, there are some people who just wish to get out of their house and who have the ability to service the debt and pay rent. It is not always about an inability to service debt. In some cases, it is about the willingness of people to exit the property. We take rent into account. In many cases, there is no affordability or very minimal affordability.