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Posted: Mon Aug 11, 2008 7:04 pm
by hopefull1
Hi

I am currently on a dmp and one of my creditors has offered me a F&F settlement on my overdraft agreeing to write of £810. If i do this would and could this be seen as making preferencial payments if i later went bankrupt.

Many thanks

Posted: Mon Aug 11, 2008 7:27 pm
by MelanieGiles
Yes it would if you are going to pay them a lot more than you would be paying your other creditors, especially when you are in a structured repayment programme.