Quote Originally Posted by bigmac View Post

she took advice too--and came up with an IVA to freeze the debt and to arrange a repayment plan. last i heard it would take her 16 years to pay it off.

but i now understand she was able to write off--75% ( ? ) of it.
i dont think she will get credit again for a long time (7yrs?) also i think if the bank sells the debt on it only gets about 20% of the value.