Mr. Brendan McDonagh:

These debtors had borrowings against assets in Donegal. They also had borrowings against an apartment block in London. A court-appointed receiver is called an administrator in the UK. We had one appointed to sell the apartment block in London. The apartment block in London had all sorts of issues. It was not in compliance with building standards and there were all types of other issues associated with it. The administrator managed to get it sold.