Contracts

 

Acknowledgement of Debt

R650.00

Have you been approached by your defaulting debtor requesting that the two of you enter into a monthly payment plan? If you have agreed to enter into this monthly payment plan, then we strongly advise that you have the debtor sign an Acknowledgement of Debt.

An Acknowledgement of Debt is a binding legal document whereby a debtor acknowledges and admits that he is liable to the creditor for a certain sum of money and undertakes to meet this obligation.

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