Acknowledgement of Debt – 1 debtor, payment in instalments

This Acknowledgement of Debt can be used where a debt is owed by a single person or legal entity. This Acknowledgement of Debt is a confirmation of the debt that is due, and specifies that the debt is payable in a number of instalments.  

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The Acknowledgement of Debt confirms that a debt is due, and constitutes an undertaking by the Debtor to pay the debt in instalments on agreed dates. If the debt is not paid as agreed, the creditor can use the Acknowledgement of Debt to take further action.

If your business has debtors that owe money, this Acknowledgement of Debt can be used to confirm the amount owed and the agreed payment date.

The agreement can be printed onto one A4 page.