Admission of liability and undertaking to pay the Debt in installments or otherwise

An “Admission of Liability and Undertaking to Pay” is a legal document where a debtor acknowledges owing a debt and agrees to repay it, either in full or through installments. This acknowledgment can be in writing, either in a separate document or within a summons or letter of demand. The document outlines the terms of repayment, including installment amounts and payment dates