Debt reduction and deferral agreement (Spain)
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For a creditor and a debtor in Spain who agree to reduce a debt (quita) and give more time to pay it (espera). It is a form with fields: the original debt in words and figures, the reduction, the amount left to pay, the schedule in one payment or in instalments, the account, and the days of delay allowed before the reduction is lost. Once the agreed sum is paid the debt is extinguished and a receipt in full settlement is given. It records the negotiation under Organic Law 1/2025 and may be made into a notarial deed. Signed in two copies. In Spanish.
- Made for use in Spain
- Last updated October 20, 2026
Published byDocMuse
When to use this document
- Someone in Spain owes you money and you will knock some off if the rest is paid.
- You owe a private person in Spain and have agreed on a smaller sum and more time to pay.
- The debtor cannot pay everything at once and you want the new amount and dates in writing.
- You need an agreement to reduce a debt and spread its payment in Spain.
What you fill in
The details the document asks for.
- City
- Date
- Creditor
- Creditor's DNI or NIE (or a company's NIF)
- Creditor's address
- Debtor
- Debtor's DNI or NIE (Spanish identity number)
- Debtor's address
- Amount of the debt in words
- Amount of the debt (figures)
- Where the debt comes from (loan, invoice, purchase…)
- Amount written off in words
- Amount written off (figures)
- Amount to be paid in words
- Amount to be paid (figures)
- How the sum is repaid
- Repayment date
- Number of instalments
- Amount of each instalment in words
- Amount of each instalment (figures)
- Due date of the first instalment
- Creditor's bank account (IBAN)
- Days of delay allowed before the reduction is lost
- Additional terms
Common questions
- What is a debt reduction and deferral agreed between private individuals in Spain?
- It is a private agreement: the reduction (quita) lowers the debt, and as a partial waiver it needs the debtor's acceptance (article 1187 of the Spanish Civil Code); the deferral (espera) postpones payment. It is not the court procedure under Spain's Second Chance Law (discharge of unpaid debts), which runs before a court with all creditors. Here only the two signing parties are bound, about one particular debt.
- What happens if the debtor pays late under a reduction and deferral agreement?
- If a payment is late by more than the days of grace set in the agreement, the reduction is lost: the creditor may claim the original debt, less what has already been paid, with interest at the legal rate from the claim. That is why a realistic schedule matters. Whatever was paid until then always counts, and each transfer is its proof.
- Does this agreement work with a bank or a debt collector in Spain?
- Banks and debt collectors usually use their own documents. To ask them for a reduction or more time, the right tool is a written payment proposal, and you should pay only once their acceptance is in writing, stating the amount and how to pay. This form is meant for debts between private individuals negotiating directly.
How you can sign this document
- Print it and sign by hand. The signature lines in the document are left blank on purpose — sign on them in ink.
- Sign it yourself with a qualified electronic signature. If you already hold a QES — Evrotrust, B-Trust, StampIT, ZealiD or any qualified provider on the EU Trusted List, on a card, a USB token, in a mobile app or in the cloud — our signing guide explains step by step how to sign this exact file without invalidating it. Step-by-step help, and a way to check it worked
DocMuse sells documents, not legal advice. Acceptance always depends on the recipient's rules and your local law.
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