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full and final settlement

rudeboyroy
rudeboyroy Posts: 80 Forumite
in Debt-free wannabe
has anyone any experiance of offering a full and final settlement of unsecured debts......are they liable to acept a lumpsum instead of recovering nothing if someone declaresz themselves bankrupt

Comments

  • terriblesaver
    terriblesaver Posts: 213 Forumite
    I have negotiated with some creditors and they have accepted something rather than nothing. Best advice is to be honest with them and explain your sitauation calmly.
    Terriblesaver - hoping to improve!!! Unsecured debt ... £[STRIKE]57938[/STRIKE] £51453
    Official DFW Nerd no 176
    Reclaimed and won Capital One £224, Paragon £758, GE Capital £63 and £135
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