A couple of hundred years ago, lots of smaller farmers got evicted as farms got bigger, and if they couldnt afford to emigrate, they became straw merchants or “ men of straw” which became a nickname for someone with almost no money eking out a precarious existence.
Nothing has changed.
Of course he should, but why sell the debt for 30% of its value to knuckle dragging semi criminals?
Deal direct and save both sides money.
I have been stung for hay and straw myself, i know what its like