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Aug 6th, 2022

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How to Search Settlement Agreement Template

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A debt settlement agreement serves to finalize a renegotiation between the debtor and creditor, often reducing or eliminating the original debt amount. This agreement allows the creditor to forgive a portion of the debt, releasing the debtor from any remaining obligations. Typically, this occurs after the debtor makes a final payment as stipulated in the settlement. The creditor is then required to eliminate any remaining obligations of the debtor under the original contract and cannot pursue any further action against the debtor regarding the original agreement.

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