Agreement To Compromise Debt Format Template, Download Free Doc Pdf File Example
Table of Contents
In This Post Get- Agreement To Compromise Debt Format, Agreement To Compromise Debt Template Sample, Agreement To Compromise Debt For Company, Hr Agreement To Compromise Debt, Agreement To Compromise Debt Example, Agreement To Compromise Debt Form, Agreement To Compromise Debt Word Format Doc, Download Agreement To Compromise Debt pdf, Agreement To Compromise Debt template word
Agreement To Compromise Debt Word Text Document Format
Agreement to Compromise Debt
_____________________________ (hereafter “Creditor”) and ________________________ (hereafter “Debtor”) hereby agree to the following:
That the Debtor owes the creditor a sum of {total sum}, including {charges} and {late fees}.
That both parties are amenable to a compromise of the debt and terminating the late notice and pursuit of payment collection.
Therefore, the Creditor and Debtor agree that the Debtor shall pay the Creditor the lesser amount of {lesser amount} {in installments of X amount/in one lump sum}.
Upon receiving payment of {lesser amount}, the Creditor agrees to consider all of the Debtor’s debts, claims, and liens fully paid; to terminate the Debtor’s late notice from the system; and to withdraw all employees, associates, and accompanying creditors from pursuit of payment.
The Debtor may pay in {payment types}. The Debtor must pay {the full amount/the first installment} to the Creditor no later than {date}. If the Debtor does not pay by {date}, this agreement will be deemed null and void, and the Debtor will be required to pay the full amount, due immediately.
In witness to their agreement to the terms of this contract, the parties affix their signatures below:
____________________________________
Creditor, signature & date
____________________________________
Debtor, signature & date
Download – Agreement To Compromise Debt-Form, Word Format (Doc) Download Free
Agreement To Compromise Debt Template Sample Example Image
Download-Agreement To Compromise Debt Pdf File Download Free
Agreement To Compromise Debt Format Template For Employee, Download Free Doc Pdf File Example
In This Post Get- Agreement To Compromise Debt Format, Agreement To Compromise Debt Template Sample, Agreement To Compromise Debt For Bussiness, Agreement To Compromise Debt For Company, Hr Agreement To Compromise Debt, Agreement To Compromise Debt Example, Agreement To Compromise Debt Form, Agreement To Compromise Debt Word Format Doc, Download Agreement To Compromise Debt
Leave a Reply