[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Agreement to Compromise Debt — San Antonio, Texas Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to propose an agreement to compromise the outstanding debt owed to [your company/organization]. We believe that this compromise will provide a mutually beneficial resolution to resolve the outstanding debt in a fair and equitable manner. As per our records, it appears that an amount of [total debt amount] is currently outstanding, which was initially incurred on [date of debt initiation]. We understand that unforeseen circumstances can lead to financial hardships, and we are willing to work with you to reach a reasonable resolution. Considering the circumstances and to facilitate the successful resolution of this debt, we propose the following terms: 1. Total Debt Amount: [Agreed-upon amount] will be accepted as a full and final compromise of the outstanding debt. This represents a [discount percentage] discount from the total debt amount. 2. Repayment Plan: The debt will be repaid in [number of installments] equal monthly installments, with the first installment due on [date]. The remaining installments must be paid by the [specify date] of each subsequent month. 3. Payment method: The agreed-upon amount will be disbursed via [preferred payment method, e.g., check, money order, bank transfer] payable to [your company/organization name]. 4. Waiver of Late Fees and Interest: Once the agreement is fully executed, all late fees and outstanding interest associated with the original debt will be waived. 5. Future Dispute Resolution: Both parties agree to resolve any future disputes, if any, through arbitration, ensuring a prompt and amicable resolution. Please note that acceptance of this offer in writing is required within [number of days] from the date of this letter. Failure to respond within this timeframe will result in the withdrawal of this offer, and we may pursue alternative avenues to recover the full outstanding debt amount. We believe that this agreement represents a fair compromise that will allow both parties to move forward. We hope you find these terms satisfactory and that we can promptly resolve this matter. Should you have any questions or require further clarification, please feel free to contact me directly at [your contact number] or [your email address]. We are open to discussing any concerns or alternative proposals you may have. Thank you for your attention to this matter. We look forward to your positive response. Sincerely, [Your Name] [Your Title] [Your Company/Organization Name]
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.