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Release by Creditor Accepting Settlement

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Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

This Release by Creditor Accepting Settlement is between a debtor and a creditor who agrees to accept a certain amount as full and final payment of a debt. This form can easily be tailored to fit your needs.

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This Release by Creditor Accepting Settlement is between a debtor and a creditor who agrees to accept a certain amount in settlement of all indebtedness. This release sets out the names of the debtor and the creditor and the amount which will be paid to the creditor (the settlement amount). It also sets forth that the creditor (also known as the releasor) forever discharges the debtor (also known as the releasee) from any future payments or obligations. A Release by Creditor Accepting Settlement will prove useful in the event there are future questions or concerns regarding the settlement of this debt.

This Release by Creditor Accepting Settlement includes:
  • Parties: Names of the releasor and releasee;
  • Payment: Sets forth the amount of payment to the creditor;
  • Settlement: Sets forth that the payment represents full and final settlement for all indebtedness;
  • Signatures: The creditor must sign and date this release in the presence of a witness.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Release by Creditor Accepting Settlement
State Law Compliance: This form complies with the laws of all states
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 Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28672
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.

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