Acknowledgement of Debt – a lawyer (attorney) in Olomouc, Ostrava, and nationwide will help you draft a promissory note including a repayment schedule

Does your employer owe you wages? Has an acquaintance failed to return borrowed money? Has a payment not been made according to a contract? And is this debtor promising to pay everything back? Then you are in the right place! Your legal position can be improved if the debtor acknowledges their debt in writing, specifying both the reason and the amount in a promissory note.

Our lawyers and attorneys will be happy to assist you with legal advice regarding ACKNOWLEDGEMENT OF DEBT, whether it involves drafting the acknowledgement itself, creating a repayment schedule, issuing pre-litigation notices, or providing general consultancy in these areas.

What is an acknowledgement of debt?

By acknowledging a debt, the debtor explicitly declares that they owe the creditor a specific amount, states the reason for the debt, and recognizes their obligation to fulfill this debt.

What are its requirements?

Written form
Debtor’s signature
Statement of the debt amount
Statement of the reason for the debt

What are the legal consequences of an acknowledgement of debt?

Extension of the limitation period to 10 years from the date of acknowledgement
Shift of the burden of proof from the creditor to the debtor regarding the existence of the debt

What are the requirements for a repayment schedule agreement?

Debt specification – reason, amount, maturity
Repayment breakdown – amounts, due dates
Consequences of breaching the repayment schedule – acceleration of the entire debt, contractual penalty.

Do I have to visit the attorney’s office in person? Not if you do not wish to.

We can handle the entire process of legal consultancy or legal representation regarding ACKNOWLEDGEMENT OF DEBT remotely. Simply send us your requirements, and we will draft all necessary documents with instructions on how to proceed. By saving both your time and ours, you will also SAVE MONEY.

MATĚNA LAW FIRM HELPS CLIENTS BEYOND THE SCOPE OF DEBT ACKNOWLEDGEMENT

The law firm of JUDr. Marek Matěna in Olomouc, Ostrava, Pardubice, and Frýdek-Místek has long specialized in acknowledgement of debt. Therefore, if you are dealing with issues involving a debtor or creditor, or have any other legal problem, do not hesitate to contact us. Our law firm will attend to you immediately and assist you with everything.

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JUDr. Marek Matěna

Attorney and founder of a law firm providing legal services in all major areas of law. He focuses primarily on contract, family, and criminal law, debt recovery, damages, and intellectual property. His hobby is sports law, which he practices not only for his clients but also within the football bodies of which he is a member. The fundamental mission of the law firm is to help prevent clients' legal problems and, if they already exist, to resolve them to their utmost satisfaction. More about me.

I also publish here: Právníprostor.cz | ePravo.cz | Právo21.cz | Médium.cz

Frequently Asked Questions

How can you contact us?

Ideally via the contact form on the website or via email at [email protected]. Alternatively, you can contact us by phone. However, we are often in meetings or at court, so we may not answer the call, but we will call you back as soon as possible.

Do you provide legal services online?

Yes, in many cases personal contact with the client is not necessary at all and the service can be provided entirely remotely online to the client’s satisfaction. This saves both the client’s time and money.

How long does it take for us to respond to your inquiries and questions?

In the vast majority of cases, we respond on the same or the following day.

How does a legal consultation take place?

Most often via a phone or video call. However, if the client prefers a face-to-face meeting, myself or one of my colleagues will meet them at the office. Occasionally, some clients prefer to consult the matter in writing via email.

Can a client come to the office without an appointment, ring the bell, and arrange a meeting on the spot?

No. In all likelihood, no one will even open the door. Since we have various meetings in different cities, we are often on the road. Many of us also work from home. It is therefore ideal to arrange a meeting via the contact form, email, or by phone.

What legal services do you provide?

The list of legal services our firm handles is provided on our website on the homepage or in the services section of the menu. Most frequently, these include family law, criminal law, misdemeanor law, contract law, inheritance law, labor law, and debt recovery.