Perhaps the reason you keep seeing these phrases is due to the fact that they might be true.(posted 7940 days ago)Someone that I know did have a settlement on a shortfall but the reason was certainly not because of the stress factor, it was due to other circumstances entirely.
Because he had been able to obtain other credit whilst knowing of the alleged shortfall debt his lenders and even his own solicitor said that the lender had a very good case to take to court. If taken to court the lenders would probably be able to obtain an attachment of earnings - not a nice thought at 45 with a shortfall of £36k - so he asked for a settlement. It took approx 12 months to come to a mutual figure, He is now clear from worry and hassle.