Assign a debt from one party to another with this
Agreement to Assume Debt form for the UK.
- The new debtor will assume the debt from the existing debtor, and pay the debt upon terms set out in the Agreement.
- If the new debtor defaults in payment, the creditor will have full rights to bring action jointly and severally against both debtors for payment of the outstanding balance.
- The form is fully editable and can be easily customised to fit your needs.
This
United Kingdom Agreement to Assume Debt template is provided as a Microsoft Word form download.
