Georgia Receipt for Payment Discharging Undisputed Claim in Full with Acceptance by Creditor of Amount Less Than Claim
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How to fill out Receipt For Payment Discharging Undisputed Claim In Full With Acceptance By Creditor Of Amount Less Than Claim?
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FAQ
If the creditor to whom tender of payment has been made refuses without just cause to accept it, the debtor shall be released from responsibility by the consignation of the thing or sum due.
In obligation to do, the obligor (debtor) cannot be forced to perform his obligation as it will constitute an involuntary servitude. The only remedy of the creditor is to have the obligation executed by another at the expense of the debtor or ask for damages.
- and satisfaction is agreement between two parties to give and accept something in satisfaction of right of action which one has against the other, which when performed is a bar to all actions on this account.
Under most state law, a valid and satisfaction requires four elements as a minimum, usually, (1) proper subject matter, (2) competent parties, (3) meeting of the minds of the parties and (4) adequate consideration.
If the agency does not accept your first offer, consider a revision. Offer a different amount that may appeal to the agency and help facilitate the acceptance of a settlement offer. For example, if your offer of 50 percent of the debt was refused, make a new offer of 60 percent.
Georgia has no statute or law for you to serve in jail for debt. You will not go to prison and wouldn't be held liable for owing money to anyone in Georgia unless the debt is because of any criminal, fraudulent scheme or involving any damage or bodily injury to anyone for which you would have additional charges.
If the creditor to whom tender of payment has been made refuses without just cause to accept it, the debtor shall be released from responsibility by the consignation of the thing or sum due.
Your creditors do not have to accept your offer of payment or freeze interest. If they continue to refuse what you are asking for, carry on making the payments you have offered anyway. Keep trying to persuade your creditors by writing to them again.
