Mr. Stephen Curtis:

It is also important to say that while 32,000 family home loans are in arrears of more than two years, many of them are actually in arrears of three, four, five and six years. No resolution has come to that cohort of people and families. No resolution has presented itself. It is possible that no resolution is available. These are the cases which are mostly in the courts and in which the banks are very clearly attempting to undertake repossession. Thankfully, it has not happened in large numbers, largely because the resources of the courts do not allow these things to be progressed very quickly and because the courts have generally been friendly towards debtors and have given them chances to deal with these issues, albeit sometimes in situations to which there is not necessarily a resolution. If large-scale repossession does happen, it will happen to that group.