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Acknowledgment of debt

If you ask for the help of others (family, friends or acquaintances) in order to pay your debts, it is best to draw up an ‘acknowledgment of debt’. This is an agreement which sets out the way in which the debt is to be repaid (amount, deadlines, interest rate).

Sample letter for acknowledging debt

Sample letter for acknowledging debt
Format:
MS Word
Size:
43 kb
Updated: