Debt Clearance Letter Template
Letter - Accepting Proposal to Clear Debt
This Letter Accepting a Proposal to Clear Debts is a “without prejudice” letter which confirms arrangements for repayment of a debt. This might involve a single payment or a series of instalment payments. The letter warns of the commencement of legal action if any instalment is not paid on time.
This template contains an optional paragraph in which the writer agrees to discontinue any court proceedings that have been started against the debtor. This paragraph can be omitted if no court claim has been made.
Alternative documents in respect of agreement 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.
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