Legal Forms
Debt Settlement Agreement
1. Parties
This Debt Settlement Agreement is made on , 20 between ("Creditor") and ("Debtor") to settle an outstanding debt.
2. Settlement Figures
Total Owed ($)
Settlement ($)
Pay By
3. Settlement Terms
Creditor agrees to accept $ as full and final settlement of the total debt of $, to be paid on or before , 20.
4. Payment Method
One lump-sum payment by the date above
Installments as separately agreed in writing
5. Release
On receipt of the settlement amount, Creditor releases Debtor from the remaining balance
This agreement resolves the debt in full and neither party admits fault
Confidential ยท Legal FormsDebt Settlement Agreement