
The following question was
posted recently to the anscers Community Bulletin Board:
“I have a customer whom
sent all unsecured creditors a proposal letter to pay only 40% of the balance
owing of $4500.00 over the next several years in order to stay in business
& if I don't sign & accept he will have to explore other options. IE
banruptcy etc, going out of business. What do I do??
Force him into bankruptcy & take a chance of receiving less or zero
return?? Or what are your thoughts here?”
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