USA creditors, prepare a Promissory Note & Settlement Agreement with Personal Guaranty with this ready-made template form.

This is a debt payment arrangement whereby the creditor agrees to settle the debt with a business debtor on the condition that the debtor make regular payments under the Promissory Note, and a principal of the debtor (a director, major shareholder, etc) gives a personal guaranty of payment.

This USA Promissory Note and Settlement Agreement is provided in MS Word format, and is fully editable.