Letter for Press Release about Bankruptcy :
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.
FOR IMMEDIATE RELEASE
[FIRM NAME] has declared bankruptcy.
Due to increased competition in the used car business and risinginterest rates which depress demand for financed consumer goods, Upshot was unable to generate sufficient cash flow to satisfy its existing debt obligations. Coupled with unfavorableforecasts for the future, we were forced to close our doors on Friday.
STATE ACTIONS TO BE TAKEN
Inventory will be liquidated by First Liquidators and its properties immediately sold in order to reimburse its lenders.
(The Sender's Signature)
The Sender's Name
Letter for Press Release about Bankruptcy
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