28 Restructuring and insolvency Contracts
Request to write off a debt - letter by Citizens Advice
OpenLegalLibrary
This is a letter template designed for an individual to formally request a bank or creditor to write off a debt. It allows the debtor to explain their inability to make payments due to personal circumstances, such as long-term illness and lack of assets. The template facilitates a clear and structured request for debt forgiveness.
Letter to ask to be placed on list of unsecured creditors by Citizens Advice
OpenLegalLibrary
This template is a letter for an individual to formally request to be added to the list of unsecured creditors of a company undergoing administration. It details an outstanding debt for goods paid for but not received, and asks the administrators to acknowledge the claim.
No money to pay creditors - joint letter by Citizens Advice
OpenLegalLibrary
This template provides a draft letter for individuals to send to a creditor when they are unable to meet their monthly payments. It explains the situation of financial hardship and requests a hold on account action, including a freeze on interest and other charges.
Offer to non-priority creditor - letter by Citizens Advice
OpenLegalLibrary
This letter is a template for an individual (debtor) to propose a reduced payment plan to a non-priority creditor, such as a bank. It explains the debtor's inability to maintain original payments due to financial difficulties and offers a new, affordable monthly amount. The letter also requests the creditor to freeze interest and other charges on the account.
Offer to non-priority creditor - joint letter by Citizens Advice
OpenLegalLibrary
This template is a joint letter from individuals to a non-priority creditor, offering a reduced payment plan due to financial hardship. It explains the debtors' circumstances, proposes a monthly payment based on their financial statement, and requests a freeze on interest and charges. This helps debtors manage their financial obligations when facing difficulties.
Holding letter for joint account - ask creditors to hold off by Citizens Advice
OpenLegalLibrary
This template is a holding letter for joint account holders to send to their creditors. It requests a temporary pause on debt collection actions and a freeze on interest and charges, explaining that the account holders are currently unable to make payments due to unforeseen circumstances. The letter also indicates that they are gathering information from all creditors to propose a new payment plan.
Offer to non-priority creditor - letter by Citizens Advice
GitLaw Import Account
This letter is a template for an individual (debtor) to propose a reduced payment plan to a non-priority creditor, such as a bank. It explains the debtor's inability to maintain original payments due to financial difficulties and offers a new, affordable monthly amount. The letter also requests the creditor to freeze interest and other charges on the account.
Request to write off a debt - letter by Citizens Advice
GitLaw Import Account
This is a letter template designed for an individual to formally request a bank or creditor to write off a debt. It allows the debtor to explain their inability to make payments due to personal circumstances, such as long-term illness and lack of assets. The template facilitates a clear and structured request for debt forgiveness.
Holding letter for joint account - ask creditors to hold off by Citizens Advice
GitLaw Import Account
No money to pay creditors - joint letter by Citizens Advice
GitLaw Import Account
This template provides a draft letter for individuals to send to a creditor when they are unable to meet their monthly payments. It explains the situation of financial hardship and requests a hold on account action, including a freeze on interest and other charges.