Mr. Lorcan O'Connor:

I think in that case it is the end of the process because not only have creditors said they are not happy with this proposal, but an independent review was also of the opinion that what was being proposed was unreasonable. Obviously that debtor will not have achieved the desired solution. In the event that there was a technical issue with that proposal there are provisions within the existing legislation to allow a resubmission in exceptional cases. There is also the options of bankruptcy or an attempt to re-engage with creditors to find a solution. However, if following an independent review the appeal is turned down, this would in effect be the end of that process.