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CIVIL LAW

Acknowledgment of Debt Form

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There is no legal requirement to record a debt in writing.  But it is safer to do so.

A simple IOU can be drawn up on a scrap of paper so long as the terms are clear and unambiguous.

We provide you with a basic form set out below.

Just "cut and paste".

 

ACKNOWLEDGEMENT OF DEBT

 

Between . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

 

And . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

 

 

I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . hereby acknowledge that . . . . . . . . . . . . . . . . . . . . . . . . .  lent to me the sum of . . . . . . . . . . . . . . . .  on or about . . . . . . . . . . . . . . . . . . and I am indebted to the said . . . . . . . . . . . . . . . . . for that amount.

 

I agreed to repay this debt in the following manner and with the following timeframe.

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <

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"Thank you. So simple yet so helpful. Jo G - Tauranga"
"The simplicity is impressive. I have used at least 20 of your topics so far. Cheers - Graham H. - Waikato"
Feedback/Blogs/Reviews from related topic: Contracts - Do They Have To Be In Writing?
"I found all these contract topics interesting and helpful. JD. Napier December 2006"
Feedback/Blogs/Reviews from related topic: Contracts - Do They Have To Be In Writing?
"I found this interesting. I want to sue for punitive damages and I was interested to learn that our courts are pretty conservative. I think the Welfare have quite wrongly taken my kids and I have found out that the affidavit they gave to a Judge to get an order to uplift them was known to the Welfare to be incorrect. They told the Judge that I had drug convictions but when I found out 5 months ago that they thought that I proved then to them that this was untrue yet I have now found that they have still put this false evidence in an affidavit. But they have also told other people about my "drug convictions". You have to watch these people. (name witheld) - May 2007"
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