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Procedure for a Debt Compromise Agreement
Complete our Simple Form Online
You are supposed to fill in your details in our simple questionnaire.
Choose E-Stamping and Delivery Option
After providing your information, select E-Stamping and the Delivery Option.
Form is Prepared
We provide you with the debt compromise agreement.
Download Document/ Home Delivery
You can either download the document or get home delivery.
Your work is Completed
Congratulations you will get your e-registered contracts and for any further assistance, you can contact us.
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Debt Compromise Agreement
A debt compromise agreement is a written agreement between a creditor and a debtor. A creditor is someone who lends money, and a debtor is someone who borrows money, with the creditor having the authority to impose conditions on the debtor. This agreement contains all of the creditor's and debtor's terms and conditions. The cost is stated along with all pertinent information. The debt Compromise Agreement is done by LegalRaasta.
Uses of Debt Compromise Agreement
It helps the debtor in taking a certain amount of money from the creditor and the rate of interest is mentioned in it to avoid any further issues and the due date is mentioned in this debt compromise agreement.
Contract execution of Debt Compromise Agreement
This is an agreement that is made between the creditor and the debtor. The debtor signs all legal documents requested by the creditor, and both parties keep one copy with all signatures completed. LegalRaasta assists you in creating a format for a debt compromise agreement.
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