Full and Final Settlement on Old Debt

acousticalchemist

Wonderful site. My apologies if this has been discussed in other threads.

I was discharged last year, and now in a better financial position I have an accountant looking over my old debts, and in contact with the liquidators, who are telling me I still owe the IR a significant amount, but also I incurred 4k's worth of overdraft at the time of bankruptcy.

The liquidator is telling me that I still owe this to the bank. Is this true? If so, can I now go to the bank and offer a settlement amount? I was thinking of about 50%.

All comments, and particularly from people who have been in a similar situation would be greatly appreciated.

Broken_hearted

Have you checked whether it was included

acousticalchemist

I met with the liquidator a few weeks ago and they told me that the bank debt was included. I assumed (i guess incorrectly) that going bankrupt eradicated such debt, and only priority debts such as tax etc remained. It seems that's not the case. Unless someone can tell me otherwise. Ta