Hi, I’m in an awful debt situation. I have $108,000 in credit card debt, which I can never pay back. I’m a single Mum and have a mortgage. I obviously need to keep my home. I also have an investment property I had to take off the market because I couldn’t sell it. The offers made were low and I would have been in a worse financial situation if I accepted due to the loan amount and CGT. If I negotiate with my banks and creditors, do you think they would ever accept a quarter of what I owe? Has anyone ever negotiated this low? Thanks
