Acknowledgement of debt (DT002)

When signed, this document will acknowledge the debt that is owed - either by an individual, company or partnership - to another, the reason why the debt arose and the amount owed. This serves two very important purposes: 1. It makes it easier to prove the existence of a debt if it is later disputed. 2. It can interrupt or suspend the effect of the Statute of Limitations Act 1957 which causes a debt to become unenforceable after six years. This document can have the effect of restarting the clock and making the limitation period start afresh, although it will not have this effect if the acknowledgement is made after the limitation period has already expired or if the acknowledgement is not made to the person to whom the debt is owed (or his/her agent).

€20.00

Digital only: You can draft, edit, save, download and use this document.
With solicitor review: You can draft, edit, save, download and use this document and also have it reviewed by our solicitors to ensure it meets your needs.
With solicitor assistance: Our solicitors will assist you in drafting this document either by phone or video meeting as preferred. Our solicitors will also review it for you to ensure it meets your needs.
Try for free: You can draft, edit and save your document. We do not ask for any payment details but some of the text will be hidden. To see your full document it must be paid for.

Our use of cookies

We use necessary cookies to make our site work. We would also like to set some optional cookies. We won't set these optional cookies unless you enable them. Please choose whether this site may use optional cookies by selecting 'On' or 'Off' for each category below. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookie notice.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Functionality cookies

We'd like to set cookies to provide you with a better customer experience. For more information on these cookies, please see our cookie notice.