Financial Hardship Letter to Creditors
Financial Hardship Letter to Creditors
Date: November 5, 2050
Jewell Ward
Eyefusion
Phoenix, AZ 85001
jewell@you.mail
Dear Ms. Ward,
I am writing to you on behalf of [Your Company Name] as the Chief Financial Officer to address a pressing issue regarding our financial obligations to Eyefusion. It is my duty to ensure transparency and open communication during these difficult times.
Unfortunately, our organization is experiencing a significant downturn in business due to economic challenges and unexpected expenses. The combination of these factors has hindered our ability to meet our financial commitments. We have always valued our partnership with Eyefusion and have made it a priority to uphold our agreements; however, the current circumstances have created a substantial strain on our resources.
In the past, we have maintained consistent payments, but as of now, our cash flow has decreased drastically, affecting our ability to fulfill our obligations. We are working diligently to identify solutions and improve our situation, including seeking additional funding and cutting operational costs.
In light of this, I respectfully request that we explore options for temporary relief, such as reduced payment terms or the possibility of deferring payments for a short period. This would greatly assist us in navigating through this financial hardship and allow us to continue our partnership with Eyefusion.
I appreciate your understanding and am hopeful we can work together to find a mutually beneficial solution. Please feel free to reach out to me directly at [Your Company Email] or [Your Company Number] to discuss this matter further.
Thank you for your time and consideration.
Sincerely,
[Your Name]
[Your Company Name]
