To Acknowledge, or Not to Acknowledge a Debt, that is the Question
Very simply, an acknowledgment of debt (“AOD”) is a written agreement between a debtor and a creditor in terms of which the debtor agrees that he is unequivocally liable to the creditor for a sum of money. Are there benefits? The benefits of AODs lie mostly with the creditor. It is common practice for a […]
To Acknowledge, or Not to Acknowledge a Debt, that is the Question Read More »