UK Agreement to Assume Debt

Assign a debt from one party to another with this Agreement to Assume Debt form for the UK.

• The new debtor will assume the debt from the existing debtor, and pay the debt upon terms set out in the Agreement.
• If the new debtor defaults in payment, the creditor will have full rights to bring action jointly and severally against both debtors for payment of the outstanding balance.
• The form is fully editable and can be easily customised to fit your needs.

This United Kingdom Agreement to Assume Debt template is provided as a Microsoft Word form download.