Mr. Christopher Lehane:

If we want an instant solution that will lead to more bankruptcies, we could take the discharge period down to one year. However, looking at international practice, I would not personally recommend that. I do not have any other legal solution because I know that we are operating the process in a fair way and applying the reasonable living expenses guidelines in a very fair manner. We are trying to make it as easy as possible for people. I do not have a legal solution, but there is a lot that could be done by way of tampering with the bankruptcy legislation, including taking out the official assignee and bringing in more private trustees, as is the practice in England. There is a concern, however, that this could possibly make it more expensive for individuals. My personal view is that operating the bankruptcy process in an absolutely fair and transparent manner and destigmatising bankruptcy itself are the best things we can possibly do.