May 31st, 2010 by Questions
Why would creditors find it a waste of time if you offered them less than 1/3 of the balance. We have about $100k in debt and willing to pay about $22k in one lump sum. This money is coming from family. RBC has rejected this offer. If we were to file bankruptcy, they would only get about $9k. Why would they do this? Secondly, RBC wants about $30k, could we give them $22k, and pay the remainder over 5 years?
Posted from: British Columbia