Description
An Agreement whereby a debtor acknowledges its indebtedness toward a creditor (“AOD”). This is a very useful shortcut mechanism which secures the creditor’s rights and significantly cuts down on the court process, thereby saving costs and time. Should you need to enforce your AOD in court, please contact us.
Ensure you have the following on hand before starting the process.
Checklist:
✓ The Debtor’s details (e.g. full name, ID or registration number and 2 addresses eg residential and work physical address)
✓ Amount owing to you
✓ Number of instalments the debtor shall pay
✓ Date of first instalment
✓ Your banking details where the debtor shall pay
Purchase now for only R205
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