Mr. Lorcan O'Connor:

Assuming the debtors remain insolvent, the mechanism open to them is to avail of a DSA or bankruptcy. That is not to say they can through either of these options turn their back completely on their obligations regarding the legacy debt, but through a DSA, they will be asked to contribute what they can over a period of time, after which whatever is left over will be written off. In bankruptcy, an income payment order will be put in place; other assets will be realised and used to pay off as much of the legacy debt as possible and the balance will be written off.