selling a debt thats owed to me? how?

[cydpotl]

I have heard there is a way of selling a debt that is owed to me but dont understand what all this means.
i'm owed quite a very large sum �00,000 this is the amount but sorry not giving away the exacate amount is. correct 0's though. now i took the person whom owes me to court with the help of a debt recovery person, judgement was made in my favour, whilst this person is paying the debt back via the debt recovery person, the judge didnt set an amount to pay he just put it back in the debt recovery guys hands. i'm not a business just a normal person that was taken for a mug. so my question is how do i go about selling this on, what does it all mean?

[Ethel]

Are you sure you can sell it on - in respect of the debt recovery company? What does the contract you have with them say?

But to answer your question - a debt collection company pays between 20 and 40 % for the debt, so you get a lump sum but not nearly as much as owed.

[cydpotl]

I dont have a contract as such with the debt recovery guy, he does take 15% of what he collects which is fine by me, I know the debt will never be fully paid back to me so am thinking perhaps its better to cut my loses, plus i would like to put the whole events behind me once and for all.
when the matter went to court I was there, I had to give evidence, the debt guy helped me with applying to court etc.