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QFull &Final Settlement Offer: UK Debt?

Hello, I need some debt counseling! I'm in the UK. I am aware of organizations like CCCS, so no need to get in touch with them. I just wanted to get some advice from the Yahoo community.

My situation: I am in default of a large amount of personal debt. I have not paid to creditors (professional student loan, and some credit cards) for about 1 1/2 years. I have not signed any agreement with them debt management. Basically just stopped paying and then ignored all phone calls and letters from them. Due to the recession I am earning much less (and sometimes not working at all), so I would not have been able to make the payments, even symbolic to them. Therefore, do not bother.

Now, because of an inheritance in another country, I'm in a position where you could pay about 1/3 of the debt. However, I really do not want! What I like to do is that each creditor an offer of full and final payment, if accepted, would mean that mark the debt as "settled" in my credit report and was not pursued for more payments. I know this is not going to wipe the slate clean, as future creditors will see that I default, but at least it's better than bankruptcy.

My question is: What is the lowest offer I could do? 10%? I would keep some of the money from his inheritance! We will never know about inheritance, because I'm saving to a foreign bank account in my name.

For those of you surprised by my lack of honesty, good, there are much worse happens. I do not steal the taxpayer for billions, or sell subprime, or take multi-million pound bonuses even when my bank was losing money. Just silly (with credit card debt) and was the victim of a bad time (do a professional course in the face just before the onset of the recession).

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