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Liability of £30,000 with a secured asset worth £55,000 sold to ‘vulture fund’, settled for £18,000
A client’s liability was sold to a ‘vulture fund’ and was secured greatly with an asset worth £55,000.
Solicitors had been instructed to take possession of the asset before Bell & Company were appointed.
We successfully managed to stop legal action and enter into negotiations.
The Client raised £18,000 and this was accepted in full & final settlement.
The Client retained the asset and has now cleared the liability.
Savings of £12,000 were achieved and assets secured.
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