Thanks for your last response Melanie. I need to clarify...no assets comment not strictly accurate..there is a co-owned home with recently estranged wife, which is now for sale. This will eventually generate approx 70-80k equity ( to be split 50/50). Intention is to refund friend`s "loan" from proce...

Melanie... Hi, and thanks very much for taking the time to respond with some re-assuring comments...regrettably, before finding this forum, in an effort to move things on, I have already written direct to my creditors offering a pro-rata full and final settlement, based on the available 40k plus ano...

Just read my first post above and realise it sounds extremely brusque and to the point. Please accept my apologies...I am incredibly nervous and although I have gained some confidence from reading other posts on this excellent site, I just wanted some feedback/advice/suggestions from anyone who can ...

Currently £98k in debt to 9 creditors ( all credit cards).
Made redundant 4 months ago, and now unable to afford minimum payments. No assets.
3rd party ( personal friend) has offered £40k if I can organise a full and final settlement of all debts... is this a realistic potential solution please