Mr. Jim O'Keeffe:

Typically, when we start out the engagement with the borrower, our first step is not about deciding whether it is bankruptcy, personal insolvency or court. Our first attempt is to engage with the borrower and to reach a consensual restructure with the borrower. It is as part of that process, as we go through it. That is where the 150,000 solutions come from. As part of that, we agree a restructure. We have our consistent policies and rules set to ensure we apply that consistently, as we discussed earlier, and the customer is restructured and we move on. Obviously, if we do not get the engagement and there is a difficulty then there are various elements. Personal insolvency and bankruptcy is an option and then there is also the legal route to recover assets and dealing with residual debt. The borrower can obviously opt to go down that route of the personal insolvency or bankruptcy and it would be the bank that would decide if it is going to go the legal route. Does Ms Duffy think that fairly summarises it?