Deed of Acknowledgement of Debt
A Deed of Acknowledgment of Debt is an instrument by which a debtor acknowledges his or her indebtedness to the creditor and the amount of the debt. … If you require legal advice in relation to Acknowledgements of Debt, please contact us to arrange a meeting so that we may consider your specific circumstances.
This Deed of acknowledgement of debt is set out in traditional deed format including provisions relating to:
- Bar to actions
- No admission of liability
- Warranties by parties
- Counterparts, execution
- Further assurances
This Deed of Acknowledgement of Debt is 7 pages long.
Acknowledgement of Debt Letter
Letter of demand checklist
- Have you have already tried friendlier means to recover the debt, such as a polite phone call or late payment reminder letters?
- Does it include precisely accurate information? Could anyone say that something in the letter is false or misleading?
- Does it include a late payment interest rate? (This should only be included if it was specified in the contract.)
- Does it inform the hirer of any action you are not willing to take? (You should only mention action that you are prepared to take.)
- Is it polite and respectful? (It shouldn’t harass the hirer.)
- Have you signed and dated it?
- Have you attached copies of all relevant supporting documentation? (For example, a contract, invoice, first and second late payment reminder letters and any relevant emails, faxes or letters.)
- Have you kept a copy of the original documents and the signed letter of demand?
Important: Make sure you send the letter by registered post and that you request a ‘signed proof of delivery’ card (keep this card in case you need it as evidence in court later).