GDP Equity Experts
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Debt Write-off

Success stories

 

Since 2012 our company has been achieving major debt write downs on behalf of our client base right across the UK and Ireland. At Equity Experts the objective is to arrive at a solution as soon as possible, so our clients can move on with their lives. 

 
 

The following are only some of the successful cases we have worked on. We have selected our 'Success Story of the Month' to give you an idea of the write-offs achievable.

EQUITY EXPERTS GET £45,394 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £48,394 (unsecured debt after investment property sale)
Proposed Solution: Lump sum settlement of £3,000
GDP Mediated Settlement: Creditors accepted £3,000 (equating to 6.19p in the £)
Settled: November 2018

EQUITY EXPERTS GET £101,419 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £108,419 (unsecured debt after property sale)
Proposed Solution: Lump sum settlement of £7,000
GDP Mediated Settlement: Creditors accepted £7,000 (equating to 6.46p in the £)
Settled: October 2018

EQUITY EXPERTS GET £240,947 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £247,947 (unsecured debt after commercial property sale)
Proposed Solution: Lump sum settlement of £7,000
GDP Mediated Settlement: Creditors accepted £7,000 (equating to 2.82p in the £)
Settled: September 2018

EQUITY EXPERTS GET £61,857 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £68,730 (unsecured debt after property sale)
Proposed Solution: Lump sum settlement of £6,873
GDP Mediated Settlement: Creditors accepted £6,873 (equating to 10p in the £)
Settled: August 2018

EQUITY EXPERTS GET £232,977 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £237,977 (unsecured debt after property sale)
Proposed Solution: Lump sum settlement of £5,000
GDP Mediated Settlement: Creditors accepted £5,000 (equating to 2.15p in the £)
Settled: July 2018

EQUITY EXPERTS GET £116,497 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £128,497 (unsecured debt after property sale)
Proposed Solution: Lump sum settlement of £12,000
GDP Mediated Settlement: Creditors accepted £12,000 (equating to 9.33p in the £)
Settled: July 2018

EQUITY EXPERTS GET £96,735 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £98,735 (unsecured debt after property sale)
Proposed Solution: Lump sum settlement of £2,000
GDP Mediated Settlement: Creditors accepted £2,000 (equating to 2.03p in the £)
Settled: June 2018

EQUITY EXPERTS GET £95,938 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £104,438
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £8,500 (equating to 8.13p in the £)
Settled: May 2018

EQUITY EXPERTS GET £8,000 OF DEBT WRITTEN OFF

Creditor: A Trustee in Bankruptcy claimed to be owed a total of £12,000
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: A Trustee in Bankruptcy accepted £4,000 (equating to 33.3p in the £)
Settled: April 2018


EQUITY EXPERTS GET £88,763 OF DEBT WRITTEN OFF

Creditor: Leading UK Bank owed £98,763
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £10,000 (equating to 10.13p in the £)
Settled: March 2018

EQUITY EXPERTS GET €73,477 OF DEBT WRITTEN OFF

Creditor: Private Equity Fund owed a total of €83,477
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted €10,000 (equating to 11.98c in the €)
Settled: December 2017

EQUITY EXPERTS GET €120,716 OF DEBT WRITTEN OFF

Creditor: Leading Irish Bank owed a total of €130,716
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted €10,000 (equating to 7.7p in the £)
Settled: November 2017


EQUITY EXPERTS GET £89,615 OF DEBT WRITTEN OFF

Creditor: Leading Debt Collection Agency owed a total of £109,615
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £20,000 (equating to 18.25p in the £)
Settled: October 2017


EQUITY EXPERTS GET €334,914 OF DEBT WRITTEN OFF

Creditor: Leading Irish bank owed a total of €454,914
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted €120,000 (equating to 26.3p in the £)
Settled: September 2017


EQUITY EXPERTS GET £157,214 OF DEBT WRITTEN OFF

Creditor: Total unsecured debt including property debt totaling £172,214
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £15,000 (equating to 8.7p in the £)
Settled: August 2017


EQUITY EXPERTS GET £97,407 OF DEBT WRITTEN OFF

Creditor: Leading local bank owed £105,407
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £8,000 (equating to 7.59p in the £)
Settled: July 2017


EQUITY EXPERTS GET £63,572 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £68,072
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £4,500 (equating to 6.61p in the £)
Settled: June 2017


EQUITY EXPERTS GET £356,760 OF DEBT WRITTEN OFF

Creditor: Unsecured Creditors owed a total of £373,706
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £16,946 (equating to 5p in the £)
Settled: May 2017


EQUITY EXPERTS GET £140,084 OF DEBT WRITTEN OFF

Creditor: Various Credit Cards owed £155,615
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted £14,775 (equating to 0.09p in the £)
Settled: April 2017


EQUITY EXPERTS GET £190,000 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £200,000
Proposed Solution: Full and final settlement proposal with refinance of property
GDP Mediated Settlement: Bank accepted £10,000 in full and final settlement of residual shortfall (5p in the £)
Settled: March 2017


EQUITY EXPERTS GET £55,000 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £220,000
Proposed Solution: Consensual sale of property for £165,000
GDP Mediated Settlement: £55,000 of Debt Forgiveness achieved (25% debt forgiveness)
Settled: March 2017


EQUITY EXPERTS GET £295,000 OF DEBT WRITTEN OFF

Creditor: Private Equity fund owed £920,000
Proposed Solution: Full and final settlement proposal with property buy back
GDP Mediated Settlement: Bank accepted £625,000 in full and final settlement (67.93p in the £). Client was able to retain their property and business.
Settled: Febuary 2017


EQUITY EXPERTS GET £86,000 OF DEBT WRITTEN OFF

Creditor: Unsecured Creditor owed £96,000
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted £10,000 in full and final settlement (10.41p in the £)
Settled: January 2017


EQUITY EXPERTS GET £215,000 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £225,000
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted £10,000 in full and final settlement (4.44p in the £)
Settled: November 2016


EQUITY EXPERTS GET £57,578 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £81,603
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted £26,865 in full and final settlement (27p in the £)
Settled: November 2016


EQUITY EXPERTS GET £2,140,879 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £2,150,879
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted £10,000 in full and final settlement (0.46p in the £)
Settled: October 2016


EQUITY EXPERTS GET €192,000 OF DEBT WRITTEN OFF

Creditor: RoI Bank owed €213,000
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted €21,000 in full and final settlement (9.86c in the €)
Settled: October 2016


EQUITY EXPERTS GET £561,546 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £611,546
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted £50,000 in full and final settlement (8.18p in the £)
Settled: September 2016


EQUITY EXPERTS GET £21,000 OF DEBT WRITTEN OFF

Creditor: Various unsecured creditors owed £30,000
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted share of £9,000 in full and final settlement (30p in the £)
Settled: September 2016


EQUITY EXPERTS GET £99,996 OF DEBT WRITTEN OFF

Creditor: NI Bank owed £164,396
Asset:  Residential Property worth £60,000
Proposed Solution: Consensual Sale of the property agreed and delivered by local agent
Debt Shortfall: Bank then owed £104,396
GDP Mediated Settlement: Bank accepted £4,400 in full and final settlement (4.21p in the £)
Settled: August 2016


EQUITY EXPERTS GET £94,991 OF DEBT WRITTEN OFF

Creditor: UK Bank owed £229,982
Asset:  Commercial Property worth £40,000
Proposed Solution: Consensual Sale of the property agreed and delivered by local agent
Debt Shortfall: Bank then owed £189,982
Mediated Settlement: Accepted £94,991 (payable monthly) in full and final settlement (50p in the £) 
Settled: August 2016


EQUITY EXPERTS GET £2,503,500 OF DEBT WRITTEN OFF

Creditor: UK Bank owed £2,511,000
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted £7,500 in full and final settlement (0.30p in the £)
Settled: August 2016


EQUITY EXPERTS GET £126,932 OF DEBT WRITTEN OFF

Creditor: Various unsecured creditors owed £134,132
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted share of £7,200 in full and final settlement (4p in the £)
Settled: August 2016


EQUITY EXPERTS GET £1,218,000 OF DEBT WRITTEN OFF

Creditor: UK Bank owed £1,225,500
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Bank accepted £7,500 in full and final settlement (0.61p in the £)
Settled: August 2016


EQUITY EXPERTS GET £109,968,947 OF DEBT WRITTEN OFF

Creditor: Unsecured creditors owed £110,088,947
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditors accepted share of £120,000 in full and final settlement (0.109p in the £)
Settled: July 2016


EQUITY EXPERTS GET £10,000 OF DEBT WRITTEN OFF

Creditor: Trading creditor owed £20,000
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditor accepted £10,000 in full and final settlement (50p in the £)
Settled: July 2016


EQUITY EXPERTS GET £15,072 OF DEBT WRITTEN OFF

Creditor: Unsecured creditor owed £15,550
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditor accepted £478 in full and final settlement (3.07p in the £)
Settled: June 2016


EQUITY EXPERTS GET £345,000 OF DEBT WRITTEN OFF

Creditor: Unsecured creditors owed £355,000
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditors accepted share of £10,000 in full and final settlement (2.82p in the £)
Settled: June 2016


EQUITY EXPERTS GET £40,000 OF DEBT WRITTEN OFF

Creditor: Unsecured creditors owed £55,000 
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditors accepted share of £15,000 (payable monthly over 5 years) in full and final settlement (27.27p in the £)
Settled: May 2016


EQUITY EXPERTS GET £150,000 OF DEBT WRITTEN OFF

Creditor: Unsecured creditors owed £200,000 after sale of properties
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditors accepted share of £50,000 in full and final settlement (25p in the £)
Settled: May 2016


EQUITY EXPERTS GET £366,000 OF DEBT WRITTEN OFF

Creditor: Unsecured creditors owed £396,000 after sale of properties
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditors accepted share of £30,000 in full and final settlement (7.57p in the £)
Settled: April 2016


EQUITY EXPERTS GET £365,000 OF DEBT WRITTEN OFF

Creditor: Unsecured creditors owed £375,000 after sale of properties
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditors accepted share of £10,000 in full and final settlement (2.67p in the £)
Settled: April 2016


EQUITY EXPERTS GET £455,000 OF DEBT WRITTEN OFF

Creditor: Unsecured creditors owed £485,000 after sale of properties
Proposed Solution: Mediate full and final settlement - monthly payment for 5 years
GDP Mediated Settlement: Creditors accepted share of £30,000 in full and final settlement (6.19p in the £)
Settled: April 2016


EQUITY EXPERTS GET €10,125,000 OF DEBT WRITTEN OFF

Creditor: Private Equity Fund owed €11,000,000
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditor accepted €900,000 in full and final settlement (8.18c in the €)
Settled: March 2016


EQUITY EXPERTS GET €100,000 OF DEBT WRITTEN OFF

Creditor:Secured creditor owed €620,000 secured to family home
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditor accepted €520,000 in full and final settlement and client retained home.
Settled: March 2016


EQUITY EXPERTS GET £105,000 OF DEBT WRITTEN OFF

Creditor:Unsecured creditor owed £110,000 after sale of property
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditor accepted £5,000 in full and final settlement (4.54p in the £)
Settled: February 2016


EQUITY EXPERTS GET £52,000 OF DEBT WRITTEN OFF

Creditor:Unsecured creditor owed £55,000 after sale of property
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditor accepted £3,000 in full and final settlement (5.45p in the £)
Settled: January 2016


EQUITY EXPERTS GET £7,600 OF DEBT WRITTEN OFF

Creditor: Unsecured creditor owed £8,000 after sale of property
Proposed Solution: Mediate full and final settlement
GDP Mediated Settlement: Creditor accepted £10,000 in full and final settlement (10.53p in the £)
Settled: January 2016


EQUITY EXPERTS GET £85,000 OF DEBT WRITTEN OFF

Creditor: Unsecured creditor owed £95,000 after sale of property.
Proposed Solution: Mediate full and final settlement.
GDP Mediated Settlement: Creditor accepted £10,000 in full and final settlement (10.53p in the £).
Settled: January 2016.


 

NB: A client's personal circumstances dictate the level of mediated full and final settlement achievable. Please note that your Credit Rating may or may not be affected.