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Debt Repayment Agreement Template

FULL INTEGRATION. This debt settlement contract replaces all previous agreements, agreements or negotiations, written or orally. The debtor ensures and ensures that he/she realizes that this payment plan has been designed so that he or she can make the necessary payments without incurring further debts or inconveniences. The debt settlement contract is a contract between a creditor and a debtor to renegotiate or compromise a debt. This is usually the case when a person intends to make a final payment for a debt owed. The debtor proposes a payment less than the outstanding (usually between 50% and 70%) if payment can be made immediately. In the event of a late payment, the above repayment plan is automatically cancelled and the total amount of the credit is immediately refunded. In addition, the buyer automatically owes the buyer late penalties of “at least three times the annual legal interest rate in France` and a minimum collection fee of 40 (40) euros, which is due through remedies without the need to recall it. The creditor is also authorized to terminate the new distribution contract with the purchaser, notwithstanding the other provisions of the above-mentioned franchising agreement. This document contains all the details necessary to establish in writing the terms of an agreement between a debtor and the creditor in order to settle a debt owed. First, the document contains all relevant identification details, such as the addresses of the contracting parties, contact information and the names of legal representatives (if any). Several pieces of information will be needed to balance the text of this agreement. In the beginning, we will consolidate the parties who intend to enter into this contract.

First, we will identify the creditor. That is, the party that holds the debt. Write down the creditor`s legal name on the first space of the first paragraph. Then, with the second empty line, document the address of the creditor`s street. Finally, the third and fourth empty posts will need the city and the state linked to the creditor`s designated road address. Then we will identify the debtor. This is the party that is required to repay the debts outstanding to the creditor. We must document the same information about the creditor in the rest of this paragraph.