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    Deed of Acknowledgment of Debt

    Uploaded by

    Val Claudio
    The document is a deed of acknowledgment of debt signed by a debtor. It states that the debtor owes a total of 313,000 Philippine pesos to a creditor, which was borrowed in several loans. The debtor promises to pay back the creditor within a specified number of months/years/days in monthly installments until the debt is fully paid. It warns that if the debtor fails to repay the debt according to the agreement, the creditor can take legal action without needing further demand.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Deed of Acknowledgment of Debt

    Uploaded by

    Val Claudio
    171 views2 pages
    The document is a deed of acknowledgment of debt signed by a debtor. It states that the debtor owes a total of 313,000 Philippine pesos to a creditor, which was borrowed in several loans. The debtor promises to pay back the creditor within a specified number of months/years/days in monthly installments until the debt is fully paid. It warns that if the debtor fails to repay the debt according to the agreement, the creditor can take legal action without needing further demand.

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    The document is a deed of acknowledgment of debt signed by a debtor. It states that the debtor owes a total of 313,000 Philippine pesos to a creditor, which was borrowed in several loans. The debtor promises to pay back the creditor within a specified number of months/years/days in monthly installments until the debt is fully paid. It warns that if the debtor fails to repay the debt according to the agreement, the creditor can take legal action without needing further demand.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    171 views2 pages

    Deed of Acknowledgment of Debt

    Uploaded by

    Val Claudio
    The document is a deed of acknowledgment of debt signed by a debtor. It states that the debtor owes a total of 313,000 Philippine pesos to a creditor, which was borrowed in several loans. The debtor promises to pay back the creditor within a specified number of months/years/days in monthly installments until the debt is fully paid. It warns that if the debtor fails to repay the debt according to the agreement, the creditor can take legal action without needing further demand.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    DEED OF ACKNOWLEDGMENT OF DEBT

    KNOW ALL MEN BY THESE PRESENTS:


    I, ______________________________________________________, (“DEBTOR”) of legal
    age, Filipino, married to ______________________________________and a resident of
    ____________________________________________________________, after being duly
    sworn to in accordance with law, witnesseth and declare:
    That I am indebted in the total sum of Three Hundred Thirteen Thousand Pesos Only (Php
    313,000.00), Philippine Currency, representing the total outstanding principal loans that I/We
    borrowed on several occasion, to wit;

    Php 180,000.00
    Php 50,000.00
    Php 33,000.00
    Php 50,000.00

    to MRS. FELISA E. STA. MARIA, (“CREDITOR”) who is also of legal age, widow, and a
    resident of 75 xxxxxxxxxxxxxxxxxxxxx.

    That I hereby promise and undertake to pay the said indebtedness unto the said Felisa E. Sta.
    Maria or to her representatives within a period of __________________________ (_____)
    (months/years/days) from today, in the amount of _____________ (P_____________)
    (monthly) every _____________________ until fully paid.

    That I/We are fully aware that our failure to settle the said amount subject to the above
    agreement shall warrant a legal action to collect without any further need of a written demand
    from the CREDITOR or her representatives.

    IN WITNESS WHEREOF, I have hereunto set my hand this _________________________in


    Marikina CIty, Philippines.

    AFFIANT
    With Marital Consent

    ___________________________________

    SIGNED IN THE PRESENCE OF:

    _____________________________________ ____________________________________

    Page 1 of 2
    ACKNOWLEDGEMENT

     
    REPUBLIC OF THE PHILIPPINES)
    ___________________________ )  SS.

    BEFORE ME, a Notary Public, this ____________day of ________________, personally


    appeared or have shown competent proof of identity the following:
     
    Name                               ID Number                Date/Place Issued
     

                                    
     
    IN WITNESS  WHEREOF, I have hereunto set my hand the day, year and place above written.
      
                           

    Notary Public

    Doc. No. .......;


    Page No. .......;
    Book No. .......;
    Series of 20__.

    Page 2 of 2

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