I think it costs you £1000 now to become bankrupt.(posted 8042 days ago)I don't know your situation with HMC but they were the company that I had the problems with. I was about to go bankrupt in 1999, after making several settlement offers which they rejected outright without any negotiation whatsoever. I wrote them one last pre-bankruptcy offer asking what they wanted as a settlement, and they finally gave me an amount which they would accept as settlement. I had offered the sum over a period of 3 years (the duration of bankruptcy), and they wanted the sum over 6 years (so basically double what I had last offered - £3600). I took this route rather than the bankruptcy route.
You could try writing to them and saying just what do they want. Oh, btw they had a summary judgement against me, for 56k.
hth, avril
finaly