Ms Madeleine Reid:

I thank the Chair and the members of the committee for this invitation to contribute. Both of our Departments are working on this proposal, the Department of Jobs, Enterprise and Innovation on company insolvency and the Department of Justice and Equality on personal insolvency and bankruptcy. We have prepared a joint opening statement and we believe the easiest course would be if I briefly present the key points of the opening statement and then we will both respond to questions, depending on members' preferences.