btw the 16000 was just an example..

The official stance and more than likely the advice from the experts would be if that is what was agreed at the start then the should be the amount you pay. Which is the correct advice to give, officially. If they were to say offer a good bit less then they could be challenged that they are not acting in the best interests of the creditors. If the equity hasn't changed from the start then I would say offer them at least £5000 less than the £19000. Most firms write off £5k because of costs involved in a sale of a property. It could be even more if it's a forced sale. It's a good bit less for you to pay the 3rd party back.

Leeper1974.

EdM makes a good point about the costs involved in the sale of a property. Bear in mind though the value of the property - if the property has gained in value it is risky to start negotiating on what has been agreed with the creditors to the extent that you get entrenched in your position. The Trustee has made a propsal to the creditors and has provided the Accountant in Bankruptcy with details of the position - this is being monitored by all parties and if the dividend is affected an explanation would have to be given, which casuses extra work on the part of the Trustee and possibly has a further knock on effect to the propsed dividend payments.

Chris

Thanks for your advice, it was just a suggestion. I'm more than happy to pay what's agreed, somewhat grudged because in addition they've got about £10,000 on PPI and £2000 of bonus payments off me in 2 years. Hey Ho. Soon be over.