Free Financial Hardship Letter

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FINANCIAL HARDSHIP LETTER

[DATE]

Dear [RECIPIENT NAME],

I am one of your company’s creditors and have been consistently and conscientiously paying my monthly dues to the company for more than [WEEK/MONTH/YEAR].

Recently, my business has suffered irreversible losses and I was forced to declare bankruptcy. Since then, my monthly income has significantly dropped as I look for another business opportunity with the remaining assets that I have.

In this regard, I would like to request for a flexible payment arrangement on account of financial hardship. I propose to pay [NUMBER] USD monthly in lieu of the regular monthly payments. I intend to avail of this measure until I can fully recover from my financial difficulty.

I hope you understand that I am not proposing this arrangement in order to avoid my responsibilities. In fact, I am deeply upset about this turn of events as I really care so much about my credit standing since debt financing is one of my core business strategies.

Please let me know if you find this proposition suitable.

Thank you for your time and consideration.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]