f ull and final

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unsure

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Post by unsure » Sun Apr 13, 2008 5:05 pm
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Hello everyone
I need some advice. I have unsecured debt of 61k with no disposable income. I have been advised that i could probably do a full and final settlement with 19k if i could raise the money from family. However after discussing with family i can only raise 15k. Can anyone tell me if this would be enough to do a full and final and also should i approach creditors directly as an informal arrangement or would it be better to pass it to an ip to deal with the legalities. Thanks to anyone who can help.
Regards.
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MelanieGiles

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Post by MelanieGiles » Sun Apr 13, 2008 5:06 pm
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I have put forward cases at that level unsure and, whilst the dividend on offer will be very low, if it represents a better return than would be available under bankruptcy proceedings why not give it a go.
Regards, Melanie Giles, Insolvency Practitioner
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unsure

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Post by unsure » Sun Apr 13, 2008 5:15 pm
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Thankyou Melanie for your quick response.
I still trying to raise more.I Will not know more until later in the week.If i am successful,will it be possible for you or your company to put forward this proposal for me.
Regards.
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