The debtor ensures and ensures that he/she realizes that this payment plan has been designed so that he or she can make the necessary payments without incurring further debts or inconveniences. Additional payment. After payment by the debtor, the creditor does everything in its power to withdraw unpaid debts from the credit institutions. In addition, the creditor states that it will not provide any additional information that could adversely affect the debtor`s credit report. The creditor may agree to appoint the buyer to the territory in place of the debtor, provided 1) the debtor and the purchaser agree on the terms of that transaction and hold the creditor unscathed against any act or debt in this regard; 2) the buyer agrees to repay the debt and 3) the creditor and the buyer enter into a new franchising agreement. In the United States, debt settlement agreements are governed by national laws that cover the principles of debt, such as the . B, necessary written confirmation, as well as general principles of the treaty, such as education and mutual understanding. 5. Representations and guarantees. Both parties state that they have full authority to conclude this agreement. The performance and obligations of one of the contracting parties do not infringe or infringe the rights of third parties or violate other agreements between the parties, individually, and any other person, organization or company, or any other law or administrative regulation.
The debt settlement contract is a contract between a creditor and a debtor to renegotiate or compromise a debt. This is usually the case when a person intends to make a final payment for a debt owed. The debtor proposes a payment less than the outstanding (usually between 50% and 70%) if payment can be made immediately. The agreement can only be amended by the explicit and written mutual agreement of the contracting parties, in which case any modification or waiver of a provision of this agreement is annexed to the agreement and attached to the agreement. PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of that agreement are different from those that were signed previously, the terms of that agreement are the ones that are used.