Debt Settlement and Payment Plan Agreement (Short Form)
A compact Debt Settlement and Payment Plan Agreement that settles an obligation with payment terms, a conditional release, and a stipulated remedy on default, sized for a lower-value or lower-risk transaction.
It is deliberately shorter than the standard version, and we tell you exactly which protections were traded away for that. A shorter agreement for a transaction that does not warrant the full protective set, drafted so nothing load-bearing is missing.
Frequently asked questions
The fee covers the finished document, filing-ready or send-ready as applicable, the supporting exhibits or attachments described in the scope, and a short cover memorandum explaining the choices made. It is fixed at this scope: one debtor. 2 rounds of revisions are included. If your matter falls outside that scope we tell you before starting and quote the difference — we do not bill past a flat fee without agreeing it first.
3 to 5 business days from a complete set of instructions, plus time for the 2 rounds of revisions included in the fee. If you are working to a court deadline or a closing date, tell us when you order and we will confirm in writing whether we can meet it before you commit.
$725 is $325/hour × 2.25 hours — the time this deliverable takes in an ordinary collections matter, at the firm's standard rate. Because it is a flat fee, the risk of the work running long sits with the firm: you pay $725 whether it takes us the estimate or twice it.
Third-party costs are never inside a flat fee and are passed through at cost, never marked up: court and agency filing fees, court reporter and transcript charges, expert witness fees, search vendor and e-discovery hosting charges, process server fees, and travel.
The business terms you have agreed so far, the counterparty and which side of the deal you are on, any existing draft, term sheet, or prior agreement, and your risk tolerance on the provisions that matter most to you. Send what you have — if something is missing we will tell you what else we need before the turnaround clock starts.
Clients also order
Other Collections work MC Law prepares on a flat fee.
Debt Settlement and Payment Plan Agreement — Review and Redline (Borrower Side)
A redline of the counterparty's Debt Settlement and Payment Plan Agreement prepared for the borrower, covering the document that settles an obligation with payment terms, a conditional release, and a stipulated remedy on default.
Debt Settlement and Payment Plan Agreement — Review and Redline (Lender Side)
A redline of the counterparty's Debt Settlement and Payment Plan Agreement prepared for the lender, covering the document that settles an obligation with payment terms, a conditional release, and a stipulated remedy on default.
Collection Demand and Validation Response Package — Review and Redline
A review and redline of a counterparty's Collection Demand and Validation Response Package, the agreement that demands payment in language that complies with the debt collection rules rather than creating a counterclaim.
Collection Demand and Validation Response Package (Short Form)
A streamlined Collection Demand and Validation Response Package that demands payment in language that complies with the debt collection rules rather than creating a counterclaim, focused on the terms that carry the risk.
Confession of Judgment and Stipulated Judgment Package — Review and Redline (Borrower Side)
A review and redline of a Confession of Judgment and Stipulated Judgment Package from the borrower position, for the document that creates an enforceable judgment on default without a trial, where the law allows it and the drafting is exact.
Confession of Judgment and Stipulated Judgment Package — Review and Redline (Lender Side)
A review and redline of a Confession of Judgment and Stipulated Judgment Package from the lender position, for the document that creates an enforceable judgment on default without a trial, where the law allows it and the drafting is exact.