This debt isn't worth anywhere near 50% face value. More like 5%. This isn't a company that missed a payment or two. This was obviously planned in advance. There is simply no way there is any money left in any company account, which means virtually no chance anyone will ever collect anything.
He could have just spent it all on hookers and coke I guess. In a worse case scenario I would be happy to give the debt away only for a little proof that someone collected on it.
