Letter Proposing To Pay By Instalments

Letter Proposing To Pay By Instalments :


Door Number and The Name of The Street,
City with ZIP Code.
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX


To :

The Manager,
ZZZZZZ Business House,
Door Number and The Name of The Street,
City with ZIP Code.
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX

Dear Sir,

Due to prolonged depression in our trade, we have not been able to realise a larger number of our outstanding accounts and as such we have failed to clear your account outstanding against us. We are really extremely sorry for it and wish you to appreciate that things turned like this for reasons beyond our control. We are now trying our utmost to collect the dues and also to dispose of our stock, even at a nominal profit, in order to secure ready cash. We do not, however, expect to collect within a short time sufficient funds to enable us to pay off our debt by a single remittance. We, therefore, propose to send you a cheque of $ 5000 fortnightly. The arrangement, we hope, will be acceptable to you, as well shall be in a position to clear your account of $ 15,250 within three months.

Expecting to hear from you a favourable response.

Yours Faithfully,




Letter Proposing To Pay By Instalments

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