Full and Final Settlement - help/advice needed

fatbelly

October-rev101 wrote: »

fatbelly: Yes I have taken advice and done a SOA. I'm getting help from NDL - although I have'nt yet discussed F&F with them.

Have a chat with them.

F&F works best when the client actually has the cash to make the offer. If you're thinking of borrowing money (from family?) to make the offers then you are just moving the debt even thoughyou are reduciing it a bit.

You can't guarantee that all the creditors willl accept your offers and so where does that leave you? Still looking at bankruptcy but now having treated some creditors preferentially to others and risking a restriction order, and having wasted family money.

October-rev101

Thanks for that fatbelly, That was one of my concerns.

never-in-doubt

Hiya

Come take a look over here - consider unenforceability, you have nothing to lose: Unenforceability & Template Letters III

If you post there, i'll advise as accordingly. If not, best of luck....

October-rev101

many thanks never-in-doubt. I will have a look and weigh up my options.

johncarlton

My brother has hit one of his cards for 20p in the pound (20%)

Try them at this, or if you are feeling luck - start at 10% and work up to this.