The Acknowledgment By Debtor Of Correctness Of Account Stated form is designed to establish an official recognition of a financial obligation between a debtor and a creditor. This form provides a clear statement that the debtor agrees to the accuracy of the account details outlined in the attached Exhibit A, eliminating any claims or counterclaims regarding the account. Key features include the requirement for both parties to initial Exhibit A, which ensures mutual acknowledgement of the agreed-upon terms. Filling out the form involves providing the names of both the debtor and creditor, signing, and dating the document, which contributes to its enforceability. It is particularly useful for legal professionals, such as attorneys and paralegals, who handle debt verification cases in Hillsborough. Associates and partners may utilize this form when advising clients on debt-related matters, streamlining the communication of financial obligations, while legal assistants benefit from having structured documentation to manage accounts efficiently. This form is essential in facilitating clear agreements in financial transactions and fostering trust between creditor and debtor in a legal context.