New York Sample Letter for Compromise on a Debt: Dear [Creditor's Name], I hope this letter finds you in good health and spirits. I am writing to discuss a potential compromise regarding the debt I owe to your esteemed organization. I am a resident of New York and have been facing immense financial hardships due to unforeseen circumstances. Firstly, I would like to express my gratitude for your patience and understanding during this challenging period. Despite my best efforts, I have been struggling to meet the monthly repayment obligations. This has resulted in accumulating interest and additional financial strain. Considering the circumstances, I would like to propose a compromise to settle the debt owed. I understand the importance of honoring my financial commitments and believe that a fair resolution can be reached that benefits both parties involved. I am willing to submit a lump sum payment of [proposed amount] in exchange for the forgiveness of a portion of the outstanding debt. This offer demonstrates my commitment to fulfill my obligations to the best of my current financial capacity. I believe that accepting this proposal would be a favorable solution for both of us as it allows for a reasonable repayment plan and helps to alleviate my financial burden. I kindly request your understanding and consideration of this proposal. The compromise offered is a sincere attempt to resolve this matter amicably, and I hope it will be received in the same spirit. If you require any additional documentation or information to assess the feasibility of this proposal, please let me know, and I will promptly provide it. I understand that your organization holds the right to accept or reject this compromise proposal. However, I do hope that you will recognize the genuine effort I am making to address my financial obligations and assist me in finding a mutually agreeable resolution. Thank you for taking the time to review this letter and for your understanding in these challenging times. I look forward to your response and the possibility of reaching a compromise that allows me to honor my debt while gradually recovering financially. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] Different types of New York Sample Letters for Compromise on a Debt: 1. New York Sample Letter for Compromise on a Credit Card Debt 2. New York Sample Letter for Compromise on a Personal Loan Debt 3. New York Sample Letter for Compromise on a Medical Debt 4. New York Sample Letter for Compromise on a Mortgage Debt 5. New York Sample Letter for Compromise on a Business Debt 6. New York Sample Letter for Compromise on a Student Loan Debt.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.