Mr. Lorcan O'Connor:

Let us fast forward to the point at which it is rejected. In that situation, the practitioner would not get paid because the proposal would have involved his or her fees being paid out of the scheme. However, when I speak to operators in the United Kingdom, they explain to me that it is in effect a cost of sale. Because practitioners must ensure that when they develop a proposal it is in the interests of both debtors and creditors, they do so with confidence that it is sufficiently attractive for both to vote "Yes" to. The practitioners I have spoken to in the United Kingdom have told me that they are confident that 90% of their cases will get past with that type of vote, and that the 10% that do not may fail for other reasons beyond the standard case.