In addition we were going to have to buy the premises for £95,000, and pay off the old debts.

However, from a legal point of view, it is often better to pay the old debt and create a new one (see below).

"But you want to make sure that the money you're giving him is used for your particular project, not to pay the contractor's old debts."

With this money she pays most of her old debts.

From the first, she decided the book would not be a way to settle old debts.

But that old debt "was still on my record," she said.

Would she find unexpected opportunities to pay back old debts?

I had to, an old debt owed to my own heart.

Value can include a new loan or an old debt.

So the city went ahead with its plan to sell new bonds this week to pay off the old debt.