Mr. Lorcan O'Connor:

It has not arisen on our radar. However, in light of the type of scenario that was depicted, it is important that the ISI does not create false expectations. The reality is that a secured creditor, or any other creditor for that matter, cannot be unfairly prejudiced with regard to their situation. If there is a secured creditor with the asset in positive equity, they will not agree to debt being written off. There is no point in suggesting that they will. That is not to say that a PIP cannot deliver a sustainable solution that gets them to stay in their home, but that bank or that lender will continue to hold that equity to a future point in time.