The purpose of this form is to show creditors the dire financial situation that the debtor is in so as to induce the creditors to compromise or write off the debt due.
Nebraska Debtor's Affidavit of Financial Status to Induce Creditor to Compromise or Write off the Debt which is Past Due — Assets and Liabilities is a legal document that allows debtors in Nebraska to communicate their financial situation to creditors in order to request a compromise or write-off of past due debts. This affidavit serves as a formal declaration of the debtor's assets, liabilities, and overall financial status, providing creditors with the necessary information to assess the feasibility of settling the debt. Keywords: Nebraska Debtor's Affidavit of Financial Status, Compromise, Write off, Past Due, Assets, Liabilities. There are three major types of Nebraska Debtor's Affidavits of Financial Status to Induce Creditor to Compromise or Write off the Debt which is Past Due — Assets and Liabilities: 1. Personal Debtor's Affidavit: This type of affidavit is specifically designed for individuals who are personally responsible for the debt. It requires the debtor to provide detailed information about their personal assets, such as bank accounts, real estate properties, vehicles, and investments, as well as their liabilities, such as outstanding loans, credit card debts, and any other financial obligations. 2. Business Debtor's Affidavit: This affidavit is intended for business entities, such as partnerships, corporations, or limited liability companies, who have incurred the past due debts. Along with providing information about the business's assets, such as inventory, equipment, and accounts receivable, the affidavit also requires the debtor to disclose the liabilities of the business, including outstanding loans, unpaid invoices, and any pending legal actions. 3. Joint Debtor's Affidavit: In cases where the debt is jointly held by multiple individuals, this affidavit must be completed by all co-debtors involved. It allows each joint debtor to present their individual financial status and provide a comprehensive overview of the collective assets and liabilities of all parties involved. In summary, Nebraska Debtor's Affidavit of Financial Status serves as a formal declaration of the debtor's assets and liabilities, aiming to provide creditors with a clear understanding of the debtor's financial situation. By completing this affidavit accurately and honestly, debtors in Nebraska can initiate discussions with creditors regarding possible compromise or write-off options for past due debts.
