Debt Settlement Agreement Template

You can open the Debt Settlement Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Debt Settlement Agreement Template

Printable | Editable Form




Debt Settlement Agreement Template (1)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
Introduction:
This agreement formalizes the arrangement for settling debts owed by the Debtor to the Creditor as of [Effective Date].
Clause 1: Debt Acknowledgment
The Debtor acknowledges owing the Creditor a total amount of [Total Debt Amount] as of [Date].
Clause 2: Settled Amount
The parties agree that the outstanding debt will be settled for a total of [Settled Amount], payable in [Specify Terms of Payment].
Clause 3: Payment Schedule
The Debtor agrees to make payments according to the following schedule: [List Payment Dates and Amounts].
Clause 4: Release of Claims
Upon satisfactory payment in full, the Creditor agrees to release the Debtor from any further claims related to the settled debt.
Clause 5: Default Condition
If the Debtor fails to make a payment within [Number of Days] days of the due date, the Creditor may demand the full remaining balance due.
Clause 6: Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]
Debt Settlement Agreement Template (2)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
Introduction:
This Debt Settlement Agreement (“Agreement”) is made as of [Effective Date] and outlines the terms under which the Debtor agrees to settle the outstanding debts.
Clause 1: Recognition of Debt
The Debtor acknowledges that they owe the Creditor a total sum of [Total Debt Amount], which is due and payable.
Clause 2: Settlement Amount
The parties agree that the debt will be settled for [Settled Amount] to be paid in [Specify Payment Method].
Clause 3: Payment Details
Payments will be made as follows: [Outline Payment Plan, including dates and amounts].
Clause 4: Release from Debt
Upon completion of the payment, the Creditor will release the Debtor from any further obligations regarding this debt.
Clause 5: Default Clause
If the Debtor does not comply with the payment plan, the remaining balance will become immediately due and payable at the Creditor’s discretion.
Clause 6: Jurisdiction
This Agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]

Form

Please complete the form below to create the Debt Settlement Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Debt Settlement Agreement Template

1. Debtor Information


2. Creditor Information


3. Agreement Details


4. Payment Method

5. Timeline for Payment

6. Default Conditions

7. Confidentiality Terms

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Debt Settlement Agreement Template

Printable | Editable Form




Debt Settlement Agreement Template