Response to B&B want proof of all expenditure

Ellen,

Can't remember if I sent you this snippet from a solicitor.....

"If someone really wants to try to negotiate a settlement of a s'fall, it is unlikely that creditors will give any offers or proposals serious consideration unless they have a reasonable idea about what can be afforded. It is always sensible to try to negotiate without disclosing info about income and assets but this will often be unacceptable to creditors who will want some info to base a decision on. For example, where someone wants to try to settle for a very small or nominal sum, it makes sense to me to show that nothing more can be afforded and is unlikely to be afforded in the future.

If there is no intention to negotiate, then I don't see why any info should be necessarily disclosed - especially where the creditor is reluctant to disclose info.

Best wishes, Mark.

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