{"product_id":"acknowledgement-debt-2-debtors-single-instalment","title":"Acknowledgement of Debt Template - Two or more debtors, single repayment - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eAcknowledgement of Debt Template - Two or more debtors, single repayment - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e2 or more Debtors, single payment in settlement\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eThis Acknowledgement of Debt can be used where a debt is owed by two or more persons or legal entities, who are jointly liable for the same debt to the creditor. An Acknowledgement of Debt is a form of payment undertaking, used to acknowledge and confirm that a debt is due, and to specify the payment date.\n\nSee also: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-payment-instalments\/\"\u003eAOD, payment in instalments\u003c\/a\u003e.\n\n\u003cstrong\u003eWhy do I need an Acknowledgement of Debt? \u003c\/strong\u003eIf you have debtors that owe money, an AOD payment undertaking can 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 Debtors 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 Acknowledgement of Debt to take further action.\n\n\u003cstrong\u003eWhat does the Acknowledgement of Debt say? \u003c\/strong\u003eThe payment undertaking sets out: The Debtors’ 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 template can be printed onto three pages.\n\n\u003cstrong\u003eWhat do you need to do to use a Debt Acknowledgement document? \u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the sample payment undertaking 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\nOnly one debtor? View our AOD for a single debtor, \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-1-debtor-single-instalment\/\"\u003esingle payment \u003c\/a\u003eor \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-1-debtor-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":59164053667980,"sku":"AO-4136","price":472.6,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Acknowledgement-of-Debt-2-or-more-debtors-single-instalment-1.jpg?v=1789524874","url":"https:\/\/agreementsonline.co.za\/products\/acknowledgement-debt-2-debtors-single-instalment","provider":"Agreements Online","version":"1.0","type":"link"}