The Debt Settlement Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, and features editable and printable versions for your convenience.
Debt Settlement Agreement Template UK Editable – PrintableSample
Debt Settlement Agreement Template UK 1. Client Information 2. Creditor Information 3. Agreement Summary 4. Terms of Settlement 5. Client Responsibilities 6. Creditor Responsibilities 7. Payment Plan Details 8. Default Terms 9. Confidentiality 10. Governing Law 11. Signatures and Consent 12. Declaration and Signatures
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WORD
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[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
This agreement outlines the terms under which the Debtor will settle their outstanding debt with the Creditor, commencing on [Start Date].
The Debtor acknowledges the total outstanding debt amounting to [Total Debt Amount], which is due to the Creditor as of [Due Date].
The Debtor agrees to pay the Creditor a reduced settlement amount of [Settlement Amount] in full satisfaction of the debt, payable by [Payment Deadline].
The payment will be made as follows: [Specify payment method, e.g., one lump sum payment or installment plan with due dates].
Upon receipt of the settlement amount, the Creditor agrees to release the Debtor from any further claims related to the debt, and the matter will be considered settled.
If the Debtor fails to adhere to the payment terms specified in this agreement, the full outstanding amount shall become due immediately, and the Creditor reserves the right to pursue further legal action.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
This agreement sets forth the terms under which the Debtor settles their outstanding financial obligations to the Creditor, effective from [Start Date].
The Debtor admits to a total debt of [Total Debt Amount] owed to the Creditor, as documented in previous correspondences.
The Debtor agrees to a settlement amount of [Settlement Amount], which will be accepted as full satisfaction of the debt once paid in accordance with the agreement.
Payments shall be made as follows: [Outline payment options including methods and any timelines for each installment if applicable].
Upon receipt of the agreed settlement amount, the Creditor waives any further claims against the Debtor’s liability regarding this debt.
Should the Debtor fail to meet the payment obligations, the total amount shall become due immediately, and the Creditor may seek remedies through legal proceedings.
This agreement is governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]
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