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_SETUP.1
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20116.BLD
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1997-07-22
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2KB
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60 lines
#200
@001 Enter the name of the creditor:
~Enter the name of the person who is owed money.
@002 Enter the name of the debtor:
~Enter the name of the person who owes the money.
!003 Enter the balance due (in numerals):
~Enter the total amount due in numerals. Do not use the "$"
~symbol or commas. Example: 1234.56.
!004 Enter the settlement offer (in numerals):
~Enter the settlement amount agreed by the parties.
@005 Enter the terms under which the settlement shall be paid:
~If these sums are to be paid with terms, enter the terms.
~For example: $50 per month.
#end control section
#200
AGREEMENT TO COMPROMISE DEBT
@001, referred to as CREDITOR and @002, referred to as
DEBTOR, agree:
CREDITOR, hereby agrees to compromise the indebtedness due the
CREDITOR on the following terms and conditions:
The Creditor and the Debtor agree that the present debt due
is $ @003 (!003 dollars).
The parties agree that the Creditor shall accept the sum of $
@004 (!004 dollars) as full payment on said debt and in complete
discharge of all monies due, provided the sum herein shall be
promptly paid in the following manner:
@005
3. In the event the Debtor fails to promptly pay the
compromised amount, the undersigned creditor shall have the
right to prosecute its claim for the total debt due under
Paragraph 1 less any payments made.
4. This Agreement shall be binding upon and inure to the
benefit of the parties, their successors and assigns.
Signed and sealed this____day of _____, 19__.
_______________________________
@001
_______________________________
@002