Debt settlement aggrement

vimal (Querist) 13 October 2014 This query is : Resolved
I need a debt settlement agreement or a letter acknowledging payment of debt

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ajay sethi (Expert) 13 October 2014
we dont provide drafts

vimal (Querist) 13 October 2014
Appreciate if provide me points to be kept in mind before taking acknowledgement for payment done as full and final settlement.

Regards

Rajendra K Goyal (Expert) 13 October 2014
Consult local lawyer.

malipeddi jaggarao (Expert) 16 October 2014
Obtain a letter from the creditor (I suppose it is Bank or Financial Institution) that the amount (specify the amount) paid on (date) is for the full and final settlement of debt under Loan No.___in the name of ______ and there are no outstanding liabilities in the name of ____borrower.

T. Kalaiselvan, Advocate (Expert) 18 October 2014
No formats are supplied here, if you need any clarification post your question accordingly.

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