See my question on "What is a full and final settlement"! A solicitor has told me that this only valid in cases of damages. Only when they provide a "Deed of Satisfaction" is the matter ended. I reproduce below part of the advice from my solicitor.(posted 8071 days ago)"You definitely have a bit of a problem here with HMC. Even if you had gone for bankruptcy at the time of the repossession this apparently wouldn't have discharged the debt, and would also have greatly affected your credit rating. The HMC are able to call on some strange shipping precedents which are always quoted in debt chasing cases. The only way you can prevent them from continuing to chase you for the amount owed is if they agree to supply you with a Deed of Satisfaction, which they are very unlikely to supply. We have a similar case here with another building society who are also unwilling to provide such a Deed, although the client is offering a lump sum in full and final settlement. If they agreed to a Deed of Satisfaction it means they are agreeing not to pursue for the amount owed."
HTH
avril