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Michigan Department
of Transportation
1366 (04/15)CONTRACTOR\'S AFFIDAVIT OF INDEBTEDNESSThis information is required and filed with the Michigan Department of Transportation pursuant to provisions
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How to fill out contractors affidavit of indebtedness
How to fill out contractors affidavit of indebtedness
01
To fill out a contractor's affidavit of indebtedness, follow these steps:
02
Begin by writing the name and contact information of the contractor at the top of the form.
03
Provide the name and contact information of the project owner or the party who owes the debt.
04
Specify the date when the debt was incurred.
05
Describe the nature of the debt and include any relevant details.
06
State the total amount owed, including any interest or penalties if applicable.
07
Sign and date the affidavit.
08
Attach any supporting documentation, such as invoices or contracts, to validate the debt.
09
Keep a copy of the filled-out affidavit for your records.
10
Note: It is advisable to consult with a legal professional or review any specific requirements or forms mandated by your jurisdiction before filling out the contractor's affidavit of indebtedness.
Who needs contractors affidavit of indebtedness?
01
A contractor's affidavit of indebtedness is typically needed by contractors or subcontractors who are owed money for work performed or materials supplied on a construction project.
02
It may also be required in situations where a contractor needs to prove the existence and amount of a debt for legal or business purposes.
03
Contractors, construction companies, and individuals involved in the construction industry may be the primary users of this affidavit.
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What is contractors affidavit of indebtedness?
Contractors affidavit of indebtedness is a legal document provided by a contractor to declare the amount owed to subcontractors or suppliers.
Who is required to file contractors affidavit of indebtedness?
Contractors who have subcontractors or suppliers that are owed money are required to file contractors affidavit of indebtedness.
How to fill out contractors affidavit of indebtedness?
Contractors need to provide details of the project, subcontractors or suppliers owed money, amount owed, and any supporting documentation.
What is the purpose of contractors affidavit of indebtedness?
The purpose of contractors affidavit of indebtedness is to ensure transparency in payment practices within the construction industry.
What information must be reported on contractors affidavit of indebtedness?
Contractors must report details of the project, subcontractors or suppliers owed money, amount owed, and any supporting documentation.
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