We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept

New York Creditor Loss Mitigation Affidavit

Category:
New York Bankruptcy - Official - Southern District
State:
New York
Control #:
NY-BKR-305S
Format:
PDF
Instant download
Buy now
This website is not affiliated with any governmental entity
Public form

Description

Creditor Loss Mitigation Affidavit New York Creditor Loss Mitigation Affidavit is a legal document used by creditors in the State of New York to confirm a debt that has been forgiven due to a negotiated settlement. This affidavit enables creditors to waive the remaining balance of a debt after it has been reduced through a loss mitigation process. It is especially used when a borrower is unable to make full payment on a debt and the creditor agrees to reduce the amount due. There are two types of New York Creditor Loss Mitigation Affidavit: the Unilateral Affidavit and the Bilateral Affidavit. The Unilateral Affidavit is used when a single creditor agrees to forgive a debt and the Bilateral Affidavit is used when multiple creditors agree to forgive a debt. Both affidavits require all parties to agree to the terms of the debt settlement and to waive all rights to pursue the remaining balance.

New York Creditor Loss Mitigation Affidavit is a legal document used by creditors in the State of New York to confirm a debt that has been forgiven due to a negotiated settlement. This affidavit enables creditors to waive the remaining balance of a debt after it has been reduced through a loss mitigation process. It is especially used when a borrower is unable to make full payment on a debt and the creditor agrees to reduce the amount due. There are two types of New York Creditor Loss Mitigation Affidavit: the Unilateral Affidavit and the Bilateral Affidavit. The Unilateral Affidavit is used when a single creditor agrees to forgive a debt and the Bilateral Affidavit is used when multiple creditors agree to forgive a debt. Both affidavits require all parties to agree to the terms of the debt settlement and to waive all rights to pursue the remaining balance.

Related forms

View Mail Fraud - Each Use of the Mails a Separate Offense

View Mail Fraud - Each Use of the Mails a Separate Offense

View this form
View Mail Fraud - "Use of the Mails" Defined

View Mail Fraud - "Use of the Mails" Defined

View this form
View Mail Fraud - Elements of the Offense (18 U.S.C. Sec. 1341)

View Mail Fraud - Elements of the Offense (18 U.S.C. Sec. 1341)

View this form
View Wire Fraud - "Transmits by means of wire, radio, or television communication in interstate commerce" - Defined (revised 2015)

View Wire Fraud - "Transmits by means of wire, radio, or television communication in interstate commerce" - Defined (revised 2015)

View this form
View Wire Fraud - Elements of the Offense (18 U.S.C. Sec. 1343) (revised 2017)

View Wire Fraud - Elements of the Offense (18 U.S.C. Sec. 1343) (revised 2017)

View this form

How to fill out New York Creditor Loss Mitigation Affidavit?

How much time and resources do you normally spend on composing formal documentation? There’s a greater way to get such forms than hiring legal experts or spending hours searching the web for a proper template. US Legal Forms is the premier online library that provides professionally drafted and verified state-specific legal documents for any purpose, like the New York Creditor Loss Mitigation Affidavit.

To get and complete a suitable New York Creditor Loss Mitigation Affidavit template, adhere to these simple instructions:

  1. Look through the form content to make sure it complies with your state laws. To do so, check the form description or utilize the Preview option.
  2. If your legal template doesn’t meet your needs, find a different one using the search bar at the top of the page.
  3. If you already have an account with us, log in and download the New York Creditor Loss Mitigation Affidavit. If not, proceed to the next steps.
  4. Click Buy now once you find the right blank. Select the subscription plan that suits you best to access our library’s full opportunities.
  5. Sign up for an account and pay for your subscription. You can make a payment with your credit card or via PayPal - our service is absolutely safe for that.
  6. Download your New York Creditor Loss Mitigation Affidavit on your device and complete it on a printed-out hard copy or electronically.

Another advantage of our library is that you can access previously purchased documents that you safely store in your profile in the My Forms tab. Pick them up anytime and re-complete your paperwork as often as you need.

Save time and effort completing legal paperwork with US Legal Forms, one of the most trusted web services. Sign up for us now!

Trusted and secure by over 3 million people of the world’s leading companies

New York Creditor Loss Mitigation Affidavit
Buy now