Debt Compromise Agreement 2017-06-28T13:32:50+00:00

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KNOW ALL ABOUT DEBT COMPROMISE AGREEMENT

DEBT COMPROMISE AGREEMENT?


Debt compromise agreement is an agreement which is drafted between a creditor and a debtor. A creditor is a person who lends money and a debtor is a person who borrows the money. All terms and conditions are mentioned in this agreement according to the creditor and the debtor. The amount is mentioned with all necessary information. A creditor can enter certain conditions according to him/her. Debt Compromise Agreement is done by LegalRaasta

PROCEDURE FOR DEBT COMPROMISE AGREEMENT?


USES OF DEBT COMPROMISE AGREEMENT?


It helps the debtor in taking the certain amount of money from creditor and rate of interest is mentioned in it to avoid any further issue and due date is mentioned in this agreement.

CONTRACT EXECUTION OF DEBT COMPROMISE AGREEMENT


This is agreement which is made between creditor and debtor. Debtor signs all the legal documents as asked by the creditor. Both parties keep one copy each with all the signatures being done.

FREQUENTLY ASKED QUESTIONS


1. Do I need to get this document stamped / e-registered?
– Yes, it is suggested that you get Debt Compromise Agreement stamped/e-registered.

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