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Edit Debt Settlement Agreement

Edit Debt Settlement Agreement

Aug 6th, 2022

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How to Edit Debt Settlement Agreement

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A debt settlement agreement formalizes the renegotiation between a debtor and a creditor, typically reducing or eliminating the original debt amount. The agreement allows the creditor to forgive part of the debt, releasing the debtor from any remaining obligations after the final payment. In this context, the creditor is required to eliminate the debtor's obligations under the original contract and to refrain from pursuing any actions against the debtor related to that original agreement.

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