Debtor Notice Of Intent To Claim Collateral :
This Letter should be written in The Letter-Pad of the Company.
The Sender's Name,
Door Number and Street's Name,
Postal Code : XXXXXXX
Phone Number : 0000 - 123456789
E-mail ID : email@example.com
The Company's Name,
Full Address with Phone Number.
You are hereby notified that the undersigned elects toredeem the APY BUILDING that is currently in yourpossession pursuant to that certain security agreement,the date of which is 6th June 2007, for which saidcollateral was pledged to secure performance. Electionis hereby made in accordance with the rights affordedunder the Uniform Commercial Code Section 9506.
Therefore, the undersigned hereby tenders fulfillment ofall obligations pursuant to said security agreement andsecured by said collateral, in addition to the amount of$ 120,000 for your expenses in repossessing, holding,preparing the collateral for disposition through sale,arranging for sale, attorney's fees and legal expenses.
Demand is hereby made that you make the said collateralavailable for retaking by the undersigned.
This is a typical letter. You have to add your company's name with full address. And the receiver's name and full address also should be added in the place allotted for that purpose. Without those primary details no letter carries any significance. So, you are requested to provide all those important details. Failing which the letter will make a wrong impression about your company and you among the receivers of your letters. This is the most unwanted attitude on your side in dealing with the clients who are the most valued assets of any business organisation. If necessary, leave those spaces blank.
Debtor Notice Of Intent To Claim Collateral
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