Agreement to Compromise Debt
for Your State
This Agreement to Compromise Debt is between a creditor and a debtor who agrees to accept a certain amount in compromise of total payment of a debt. This agreement sets forth the specific amount paid in compromise and that no further collection action will be taken if the compromise amount is timely paid.
This Agreement to Compromise Debt is between a creditor and a debtor who agrees to compromise a debt under specific terms and conditions. This agreement sets out the current amount of the outstanding debt and the sum the creditor agrees to take as full repayment of this debt. It also sets forth that no further collection action will be taken and that this agreement will terminate if the debtor fails to pay the settlement amount by a specific due date. It is imperative that this agreement be memorialized in writing and not via oral agreement. A written Agreement to Compromise Debt will prove invaluable in the event there are disagreements or misunderstandings about the terms of this arrangement.
This Agreement to Compromise Debt contains:
Protect yourself and your rights by purchasing this attorney-prepared form.
This attorney-prepared package includes:
This Agreement to Compromise Debt contains:
- Parties: Names of both the creditor and the debtor;
- Outstanding Debt: Balance of debt and the amount the creditor agrees to accept in full settlement;
- Failure to Pay: Sets forth that this agreement will terminate if the debtor fails to make the agreed payment and the outstanding amount will immediately be demanded;
- Signatures: This agreement must be signed by both parties.
Protect yourself and your rights by purchasing this attorney-prepared form.
This attorney-prepared package includes:
- General Information
- Instructions and Checklist
- Agreement to Compromise Debt
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages5
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#43612
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.