Whether you work with paperwork daily or only occasionally need them, DocHub is here to assist you make the most of your document-based projects. This platform can replace tag in Debt Settlement Agreement Template, facilitate user collaboration and create fillable forms and legally-binding eSignatures. And even better, everything is kept safe with the highest security standards.
With DocHub, you can get these features from any place and using any platform.
A debt settlement agreement is generally used to confirm a renegotiation or settlement of the original agreement between the debtor and the creditor. A debt settlement agreement usually reduces or eliminates the original amount of debt between the parties and allows the creditor to forgive part of the debt by releasing the debtor from any remaining obligation. Usually in exchange of the last payment made by the debtor to the creditor after the execution of the debt settlement a. The creditor should remove any obligation of the debtor under the original contract and renounced to pursue any auction against the debtor in relation to the original agreement.
