Hi Tommy,

Duncan is right, you need to look at what debt he incurred before and what debt after the NCA.

He may have debt in many places and need to check. He may be able to deal with the debt after the NCA in a completely different manner than the debt incurred before.

Each debt has to be looked at individually. Each institution needs to be dealt with separately.

I know someone that may be able to help him PM me if you are interested in the details.

Also due to many problem bonds, banks are taking short cuts due to work load pressure in those departments, and one can catch them around on technicalities, win time and solve the problem.