Deed of Debt Forgiveness

Deed of Debt Forgiveness

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Under 10 minutes
Last updated December 2018
Last updated March 23, 2021
Suitable for all Australian states and territories
Suitable for all Australian states and territories

A Deed of Debt Forgiveness is a document that a lender can use to forgive a borrower from making further payments on an outstanding debt.

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Document Overview

A Deed of Debt Forgiveness is a document that a lender can use to forgive a borrower from making further payments on an outstanding debt. This document can be used by individuals or companies that have extended loans to other individuals or companies. This deed ensures that all parties are clear about which debt is forgiven, and avoid doubt about outstanding debt that still requires payment.

 

Use this Deed of Debt Forgiveness if:

  • You are a person or business who has extended a loan in the past
  • You wish to forgo the loan compensation 

 

What does this deed cover:

  • The terms of loan forgiveness
  • The date of loan forgiveness

 

 

Further information:

What is Debt Financing?

The Main Difference Between Debt Financing and Equity Financing


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