The purpose of an agreement to compromise debt is to have a contract signed between the debtor and creditor for re-negotiating or compromising on debt. This situation arises when a person is unable to make any final payment for the debt that he or she owns. The letter for agreement to compromise debt is a draft which contains all important information in relation with the due debt amount and the new arrangement that has been agreed upon.
Shared below is the sample letter for agreement to compromise debt. You can use the agreement to compromise debt template to create a customized draft.
From:
Adam Smith
Manager
ABC Finances
New York
Date: January 11, 2022
To,
Henry Gibbs
Manager
Zenith Technologies
New York
Dear Mr. Henry,
We are writing this letter to compromise the indebtedness due on the terms and conditions shared below:
Signature of the creditor:
Date:
Click Here to Download Debt Compromise Agreement Letter in Word Format
Business Closure Letter to Government
Sample of Agreement to Sell Business Format
Deed of Family Arrangement Agreement Format
Partnership Agreement Between Two Partnership Firm and Company
Simple Rental Agreement Format India
Simple Property Agreement Format to Sell
Sample Format of Agreement for Sale of Property
Agreement Between Employer and Recruitment Agency
Employee Offer letter with Bond Agreement
When a mother writes a parole support letter to the members of the parole board…
It is common to see cheating at place of work. One would come across a…
Whenever a family writes a parole support letter for the offender, it makes a difference.…
Living in the campus has its own pros and cons. There can be various reasons…
A parole support letter is a letter that is written either by the incarcerated person…
In some cases, courts choose to sentence a defendant a probation over sending them to…