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Scottish Trust Deed Forum
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Topic starter
29/10/2013 9:35 pm
Any idea what a reasonable offer to settle the debt would be. I have have heard various offers for as low as 20% of the debt
29/10/2013 10:13 pm
It might depend upon what stage you are at - ie has the debt been sold on already, is the creditor likely to believe that such an offer is the best they can expect?
20% seems very low to be honest, it may need to be offered through a recognised insolvency procedure such as a trust deed before a creditor will agree to that sort of write off.
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