Autumngirl
New Member
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- 4
My parents are going through the insolvency process at present and have been advised that the only option left is to put forward a proposal to the vulture fund that have acquired the debt from the bank and enter into an informal negotiation, which would be based on a mortgage in principle obtained by my husband and I. However, this will not cover all of the debt, which has continued to grow due to interest. I just wonder if anyone has similar experience of entering into such negations with a vulture fund in terms of their willingness to write off some of the debt etc.