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DEBT SETTLEMENT AGREEMENT

BETWEEN
……………SCHOOLS AND MR &MRS
____________________________________________
WHOSE WARDS ARE:
____________________________________________
CLASS: ____________________________________
Effective Date: ____________________________________ shall be the effective date
of this agreement with the parties agrees to the following.
Present Debt: The parties agree that there is a current debt owed by the Debtor (Mr
& Mrs _________________________________) in the amount of # ______________
hereinafter known as the present debt.
The debtor Mr and Mrs __________________________ hereby made a promise to
pay the debt on ___________________________________
Payment: Payment for the settlement debt shall be made by:

- Cheque - Transfer - Certified Check


- Cash Others (please specify) ___________________

___________________ _____________________
Signed and agreed Signed and agreed
By School Proprietress by the Parents
Date: ________________

____________________ _____________________
Witness Witness

Note: In the event the Debtor fails to make payment as agreed, the Debtor is liable to be sanctioned by the law

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