Legal Question in Credit and Debt Law in California
Settling creditors claims + letter of intent to dissolve
My company is disolving and I need to write a letter of intent to
creditors asking for settlement on debts owed. I am looking for
sample letters or information on what needs to be included in the
letter. Specifically - I want to try and settle all debts for a
percentage of what is owed to prevent bankruptcy.
1 Answer from Attorneys
Re: Settling creditors claims + letter of intent to dissolve
if your intent is to settle your outstanding balances at a fraction of what is owed, you should contact your creditors in writing stating your specific financial hardship, the more details the better results usually. our law firm specializes in this type of debt settlement letters and/or negotiations. if you would like our effective and efficient assistance in this matter, contact us directly today.
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