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Convert Debt Settlement Agreement Template to Word

Convert Debt Settlement Agreement Template to Word

Aug 6th, 2022

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How to debt settlement agreement template word

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A debt settlement agreement formalizes the renegotiation between a debtor and a creditor. It typically reduces or eliminates the original debt amount, allowing the creditor to forgive part of it in exchange for a final payment from the debtor. Upon execution of the debt settlement, the creditor agrees to release the debtor from any remaining obligations under the original contract and renounces the right to pursue any further actions against the debtor related to that agreement.

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