Hi, it's my first time on this forum, I've noticed that there's such a helpful community present here and maybe had the hope someone could help me out with the complicated issue I have at hand. Since it's my first time please go easy with the abbreviations

My parents are on a shared DMP with MoneyPlus and have been with them for a very long time now (10 years or so) they have a combined debt of £32k spread amongst 12 different creditors. I am aware that ALL of their original creditors debt has been sold onto the likes of PRA, Idem, NCO Europe, Robinson & Way, Link Financial, Wescot and Cabot. The large majority of the debt was created around 2004/05/06 and they have been paying little to nothing to these creditors on a monthly basis (£1-£5 per creditor each month) at that rate it would take 100+ years to clear it all off. They also regularly get offers from Cabot and some others offering 1k for a 4k debt and considering it settled.

My parents are planning on selling their property to my sister, to then use the profit to make full and final settlement offers. However I'm not too sure how to go about this as the amount they'll receive will be more than enough to clear the full amount, so why would creditors accept a lower offer?

We were initially thinking of giving out f&f offers before the completion of the purchase so that they can't do land registry checks in time and demand the full amount. Instead we would rely on them accepting the offer before the sale of the property (hopefully not asking for the source the of money) and as soon as they accept, we could use the proceeds to pay a reduced amount. I was planning on starting negotiations at 30% and will also use the template found on National Debt line to send out f&f offers.

However, recently what intrigued me was that debts prior to April 2007 may be unenforceable if the debt has been sold on and the original CCA (credit agreement?) isn't provided or signed over? Is that correct? I have also read amongst the forum that I should request a SAR for the original CCA's (how would I go about this, are there any templates and what am I looking out for once I get the documents? And what if there's no reply?) My parents are relatively old now so they aren't too concerned with their credit file, as long as these debts are unenforceable. If there's a way of not needing to repay most of the debt, then thats the option that is probably best for us. But I don't know the ins and outs on how to do this, but I am willing to learn.

I plan to do fix this independent of MoneyPlus (since they charge horrendous fees), of the £50 a month we pay to them, 50% of that goes to MoneyPlus and the other 50% would be shared between the 12 creditors.

The last thing we would want is to sell the property and be forced to pay back the full £32K as we have other plans with that money.

I'm really stuck on what to do, it will be a hell of a task writing to and managing the responses of all 12 creditors, but it is what it is.

Any help from the more experienced members of this hub would be more than appreciated. Thanks!