I welcome the announcement by the Insolvency Service of Ireland of the increase of 70% in 2015 in the number of people achieving permanent solutions to their insolvency problems. This has been welcomed by New Beginnings and Fianna Fáil. A number of people have credited the improvement in those achieving permanent solutions as per the Insolvency Service of Ireland to the removal of the bank veto and the change in the term of bankruptcy to a one-year term. It seems to be quite obvious that it softened the cough, to some extent, of financial institutions. They seem to be prepared to accept solutions now that they rejected in the past.

I take on board the criticisms of the Irish Mortgage Holders Organisation. The organisation has stated the numbers actually achieving settlement through the Insolvency Service of Ireland are far too low. In the region of 1,700 people have had their issues resolved. When we compare that figure with the numbers of people in severe debt, it represents something in the region of 1.2%, which is far too low. Part of the reason is that it has been said people do not understand the Insolvency Service of Ireland and what it has to offer, nor do they understand personal insolvency arrangements or the issues around bankruptcy. Therefore, they are not coming forward to use the service.

I am calling on the Insolvency Service of Ireland to take this issue on board. I call on representatives of the service to explain to people in their communities, where they will have an opportunity to engage with them, what the issues are and how the service can be of assistance. I acknowledge that they have begun to do this. I know that towards the end of last year they announced publicly that they would go to the courts and approach borrowers personally who had cases coming before the Circuit Court. That is a positive development but one that represents the tip of the iceberg. No community or community organisation of any description in the country should be overlooked. Where people are in trouble, they should be reached out to by the Insolvency Service of Ireland and resources should be made available to ensure that will happens.