Response to What do I do next?

It is best to agree a full and final settlement figure, not a monthly payment. Try checking all the figures that they have sent to you. Determine what you feel reasonable amounts would be. e.g. was the selling price they got reasonable, did they obtain the best price for the sale of an endowment policy if there was one, were the selling fees of the property reasonable. Calculate the shortfall amount from the figures which you feel are reasonable. Based on this figure make them an offer which you can afford without borrowing funds from elswhere. Start your negotiations low so that you have room to manover. When an account shows that an amount is written off it normally means that the company has made allowances for not recovering this and shown it in their accounts. Be very careful when choosing a solictor as a some do not have experience of this type of work and you may end up paying them more in fees than you can save. We agreed a settlement of £1k instead of £12.k and a friend also has recently agreed £6k instead of £25k, all without the help and involvement of solicitors.

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