{"product_id":"acknowledgement-debt-1-debtor-single-instalment","title":"Acknowledgement of Debt - One Debtor, Single Installment payment - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eAcknowledgement of Debt - One Debtor, Single Installment payment - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e1 Debtor, single payment in settlement\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eThis AOD may be used where a debt is owed by a single person or legal entity. An Acknowledgement of Debt is used to acknowledge and confirm that a debt is due, and to specify the payment date for the debt.\n\nSee also: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-1-debtor-payment-instalments\/\"\u003eAOD, Payment in instalments\u003c\/a\u003e\n\n\u003cstrong\u003eWhy do I need an Acknowledgement of Debt? \u003c\/strong\u003eIf you or your business has debtors that owe money, an Acknowledgement of Debt may be used to specify the amount owed and the agreed payment terms. This Acknowledgement of Debt confirms that a debt is due, and sets out an undertaking by the Debtor to pay the debt in a single instalment, on an agreed payment date. If the debt is not paid as agreed, the creditor may use the AOD to take further action.\n\n\u003cstrong\u003eWhat does the AOD say? \u003c\/strong\u003eThe template debtor’s acknowledgement sets out: The Debtor’s details; The amount of the debt; The repayment details; Default and costs.\n\n\u003cstrong\u003eWhat does the document look like? \u003c\/strong\u003eThis payment undertaking can be printed onto three pages.\n\n\u003cstrong\u003eWhat do you need to do to use an Acknowledgement of Debt? \u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the sample AOD document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eComplete the relevant details, and get the Debtor to sign.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nMore than one debtor? Then view our AOD for multiple debtors, \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-single-instalment\/\"\u003esingle instalment \u003c\/a\u003eor \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-payment-instalments\/\"\u003epayment in instalments\u003c\/a\u003e.\n\nIf this transaction is subject to the National Credit Act 34 of 2005 then a specialist’s advice should be sought.\n\n \n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164053766284,"sku":"AO-4141","price":472.6,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Acknowledgement-of-Debt-1-debtor-single-instalment-1.jpg?v=1789524876","url":"https:\/\/agreementsonline.co.za\/products\/acknowledgement-debt-1-debtor-single-instalment","provider":"Agreements Online","version":"1.0","type":"link"}