OPTIONS & ALTERNATIVES TO A FORMAL INSOLVENCY OR BANKRUPTCY ROUTE
What is a Full & Final Settlement?
A Full and Final Settlement (F&F) happens when a creditor agrees:
- To accept less than the whole debt claimed (“full debt”)
- That they won’t take action to recover the rest (“final”).
This is sometimes called a an ''informal'' settlement”.
Bell & Company offer independent and impartial advice to assess all options available. A full financial review will be conducted to assess the merits of formal and informal insolvency routes dependant on individual circumstances.
You can read more successes we have had in relation to Pre-Insolvency below: