VIC Business is offering me a small amount first if I withdraw the complaints against them with government agencies . What does it mean?

[ksivasub]

Hello everyone,

A real estate business owes me a significant amount, $150k.
Recently, their real estate agent approached me to withdraw my complaints filed against them with government bodies. In return, the real estate business proposes to pay me a smaller amount of $50k. Upon successful withdrawal of the complaints, they are saying that they will pay the remaining $100k in mid-2024, although the exact dates are not confirmed.

I have a question about the real estate business's approach.
What could be the possible reasons for this proposal, and what does it mean?

Are they trying to mislead me or deceive me?

I am concerned that accepting this offer might result in receiving only $50k and there's uncertainty about receiving the remaining $100k, even if they provide it in writing.

It's worth noting that the real estate is responding to the complaints I raised with government agents using their lawyer.

I appreciate your guidance. Thank you.

Kind regards,
Siva.

 

[LordRisen]

That sounds like a tough spot. It seems the real estate business wants to settle your government complaints by offering $50k upfront, with a promise of another $100k later in 2024. It could be a way to resolve things quickly, but there's risk in not having firm dates for the remaining payment.

To safeguard your interests, it's crucial to get everything documented, especially the payment schedule, to avoid any misunderstandings later on.

If you need more guidance, check out https://gosmallbusiness.co.uk/great-places-to-find-small-business-grants-in-the-uk/ for resources on handling legal matters and negotiating settlements. They offer useful tips on navigating situations like yours.