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Request for Extension of Time to Pay Debt - Form

✓ Designed for use in Nigeria

Create your Request for Extension of Time to Pay Debt for use in Nigeria. Answer a few plain-English questions and the document fills in automatically as you go - then download it in Word and PDF, ready to sign or share.

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Below you can preview the Request for Extension of Time to Pay Debt, complete it by answering a few plain-English questions, and download a ready-to-sign copy in Word and PDF - tailored for use in Nigeria.

What the Request for Extension of Time to Pay Debt includes

This template is organised into the following sections:

Frequently asked questions

What is a Request for Extension of Time to Pay Debt?

A Request for Extension of Time to Pay Debt is a ready-to-use legal template for Nigeria. You complete it by answering a few plain-English questions, then download the finished document in Word and PDF.

What does the Request for Extension of Time to Pay Debt cover?

The Request for Extension of Time to Pay Debt is organised into sections covering Introduction, The Existing Obligation, Reason for the Request, Proposed Revised Repayment, Affirmation of Liability, so the important points are captured in a clear, consistent structure.

What formats can I download?

You can download your completed Request for Extension of Time to Pay Debt as an editable Microsoft Word (.docx) file and as a PDF.

Can I edit the document later?

Yes - save it to your account and you can re-open, edit and re-download it at any time.

Is a Request for Extension of Time to Pay Debt legally binding?

Once it is properly completed and signed by everyone involved, a Request for Extension of Time to Pay Debt is generally legally binding in Nigeria, provided it meets the legal requirements that apply to this type of document.

What laws apply to a Request for Extension of Time to Pay Debt in Nigeria?

A Request for Extension of Time to Pay Debt should comply with the laws in force in Nigeria. This template is built around the provisions such situations commonly require, but the rules can vary by region and change over time, so check the current requirements for your case.

Do I need a lawyer to use a Request for Extension of Time to Pay Debt?

For most standard situations you can complete the Request for Extension of Time to Pay Debt yourself using the guided questionnaire. For high-value, unusual or high-risk matters, it is sensible to have a qualified lawyer review the finished document.

How do I sign the Request for Extension of Time to Pay Debt?

Download the completed Request for Extension of Time to Pay Debt as Word or PDF and sign it as required in Nigeria. Depending on the document this may involve a handwritten or electronic signature, and some documents also need witnesses.

Is the Request for Extension of Time to Pay Debt free?

You can preview the Request for Extension of Time to Pay Debt and fill it in for free. A one-time fee applies only when you download the finished, ready-to-sign document in Word and PDF.

How long does it take to complete a Request for Extension of Time to Pay Debt?

Most people finish the Request for Extension of Time to Pay Debt in just a few minutes by answering the plain-English questions. You can save your progress and come back to it at any time.

Prepared and reviewed by the LegalDocs team.

Document preview

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Dear Sir/Madam,

RE: REQUEST FOR EXTENSION OF TIME TO REPAY OUTSTANDING DEBT

§1. Introduction. I, the undersigned, write respectfully to formally request an extension of time within which to discharge my indebtedness to you, the particulars of which are set out below.

§2. The Existing Obligation. Pursuant to the ________ dated ________ ( he ented between by me and you ("the Agreement"), I undertook to repay the principal sum of \u20a6________ (________ Naira) on or before ________ ("the Due Date").

§3. Reason for the Request. Regrettably, I am presently unable to meet the said obligation on the Due Date for the following reason(s):

________

§4. Proposed Revised Repayment. I therefore respectfully request an extension of time and propose to repay the entire outstanding sum of \u20a6________, together with any interest lawfully accruing thereon under the Agreement, on or before ________ ("the Revised Date").

§6. No Waiver. I acknowledge that this request, whether granted or not, shall not operate to prejudice, vary, or extinguish any of your rights or remedies under the Agreement or at law, save to the extent expressly agreed in writing between us.

§8. Apology and Conclusion. I sincerely apologise for any inconvenience that this delay may occasion and I am grateful for your patience, consideration, and understanding in this matter. I look forward to your favourable response.

Yours faithfully,




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WITNESS

Name: ________
Address: ________
Occupation: ________
Signature: ____________________
Date: ________

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Fields you complete are inserted into the document live. This template is general guidance only - not legal advice.