Thank you, Madam Chair. Thank you to the witnesses.
Mr. Hoyes, you were talking about the consumer insolvencies. I was noticing, when I was doing my research, that prior to, let's say, the pandemic, we saw a lot of consumers go through bankruptcy. Today, it's proposals, so that trend, obviously, is better. It probably gets better returns for everyone affected by an insolvency situation.
Is there one point in particular that drives these? I'm thinking in terms of, is it housing costs, is it food and everyday expenses, or is it debt accumulated gradually through credit cards and unsecured borrowing? Is there one of those factors that plays a bigger role in what you see?