[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note dated [insert date] related to our financial agreement. As circumstances beyond my control have temporarily hindered my ability to fulfill the repayment obligations by the agreed-upon deadline, I kindly ask for your understanding and cooperation in granting me an extension. At this time, I would like to provide you with a detailed explanation of the extenuating circumstances causing this unforeseen delay. [Insert explanation here. For instance, you may mention an unexpected financial setback, a personal or family emergency, or any other compelling reason that has hindered your ability to meet the repayment deadline.] While I acknowledge my responsibility to meet the financial commitment outlined in the promissory note, I am requesting an extension of [insert desired time frame] to gather the necessary funds and fulfill my obligations. I assure you that this extension is not intended to evade or neglect my repayment but is merely a temporary measure to overcome these unforeseen challenges. Considering our past successful business relationship and my commitment to honoring the terms of the promissory note, I humbly request your empathy and support in granting this extension. I assure you that all outstanding payments will be made in full as soon as the extenuating circumstances are resolved. In order to formalize this extension request, I am enclosing the updated promissory note reflecting the revised end date for the repayment period. Additionally, I am open to discussing any alternative arrangements or modified terms that may be mutually agreeable and still satisfy both parties' interests. I kindly request your prompt attention to this matter so that we may reach an acceptable resolution. I can be reached at [your contact information] should you have any questions or require further information. Thank you for your understanding, and I look forward to your favorable response. Yours sincerely, [Your 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.