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Debt Compromise Agreement Template

Agreement - Debt Compromise


This Debt Compromise Agreement is a short agreement between Creditor and Customer whereby the Creditor agrees to forgo part of the outstanding debt whilst the customer acknowledges its indebtedness (full sum) to the Creditor.

This template contains the following clauses:

  1. Agreed Compromised Sum and Repayment Schedule
  2. Right of Creditor to claim the full sum (rather than the compromised sum) in the event of default
  3. Right of Creditor to claim legal expenses in the event of default
  4. Nature of the Agreement
  5. Jurisdiction

Alternative documents in respect of agreements to vary debt payments are also available in this sub-folder.

This document is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.
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