An acknowledgement of debt is a writing in which a person, called debtor, undertakes to pay a sum of money to another person, called creditor.

In the event of a conflict with the debtor, the acknowledgement of debt shall constitute a guarantee for the creditor where it contains the following information:

• Date of recognition of debt
• Name, forename, address, date and place of birth of debtor and creditor
• Amount of the sum lent, indicated in figures and letters (in case of difference between the 2 amounts, only the sum written in full is taken into account)
• Date on which the payment of the debt will be due
• Interest rate, if it's scheduled. Beware, the interest rate must not exceed wear rate.
• Signature of the debtor

Debt recognition may be made either in the form of a authentic instrument by a notary, or in the form of a privately signed document.

For a privately signed instrument, the following debt recognition model may be used:

Model for recognizing debts or loans between individuals

There is no amount of debt that should not be exceeded.