There is probably some sort of consideration about If you want to get it done quick or drag it out. If you think you can restructure and bounce back you want th

There is probably some sort of consideration about If you want to get it done quick or drag it out. If you think you can restructure and bounce back you want the quick option if you think your want to drag it out you wait till the last possible moment. Really though last possible moment is best because it maximizes pain on the creditor and therefore increases settlement value