Can a settlement or instalment plan be used in Real Estate debt recovery?

Answer

Yes. A written settlement or instalment plan can be practical in Real Estate recovery. It should clearly state the admitted amount, payment dates, consequences of default, security if any, and what happens to pending legal proceedings.

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The information above is general in nature. The correct legal route depends on your documents, limitation, contract and facts.

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General information only: These Q&As are educational and are not a substitute for advice on a specific matter. Applicable law, thresholds, limitation and procedure should be verified for the relevant facts and date.