Acknowledgment of Debt Template

An Acknowledgment of Debt is necessary when someone owes you money but cannot pay you back immediately. By signing an Acknowledgment of Debt, the debtor acknowledges that they owe you money and agrees to a payment plan which is enforceable in court.

What is covered by the Acknowledgment of Debt?


  • How the debt arose
  • The amount owing
  • Instalments to be paid
  • Banking details
  • Interest rates (if applicable)
  • Consequences if the debtor misses a payment
  • And more


Contact us and let’s discuss
your legal needs