Agreement for payment by instalments
Published byDocMuse
This document is in Bulgarian
The PDF you download is in Bulgarian — that is the language it has to be filed in, so it is not translated. Everything on this page is here to tell you what it says.
For when a debtor cannot pay in one go but can pay in instalments. The agreement acknowledges the debt, sets a repayment schedule with dates and amounts, and settles what happens on a missed instalment — usually that the whole balance falls due. For the creditor it beats silence; for the debtor, enforcement.
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Common questions
- Why would a creditor agree to instalments?
- Because payment in parts beats enforced collection, which takes time and costs money. That is why the agreement also carries a duty on the other side — not to take steps while the schedule is kept to.
- What happens if I miss an instalment?
- Usually the whole balance falls due immediately, with no need for a fresh demand. That is the central clause in a document like this — read how many days of delay are allowed before relying on leniency.
- Does acknowledging the debt harm me?
- It interrupts limitation and confirms the obligation, so it is a real concession on the debtor's part. What you get in return is time and quiet — judge whether that exchange suits you before signing.
- Does every instalment have to be documented?
- Yes. Keep proof of each payment, and on the last one take a receipt for the discharged debt. A schedule with undocumented instalments returns the dispute to where it started.
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
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