Below, we've created an example of a debt settlement proposal letter that you can use as a guide. Your letter can be sent via your preferred contact method.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Forms and applications for general courts, protection orders and garnishment. After mailing the "Notice of Court Proceedings to Collect Debt" YOU MUST WAIT AT LEAST 15 DAYS,. BUT NOT MORE THAN 45 DAYS before filing the garnishment order. Use this letter to help you negotiate a full and final settlement offer with a creditor. YOU CAN AVOID THE GARNISHMENT BY DOING ONE OF THESE THREE THINGS WITHIN THE FIFTEEN-DAY PERIOD: (1) Pay to us the amount due;. You have 28 days to respond to a debt collection lawsuit in Ohio, and there is no fee to file. Use this letter to help you negotiate a full and final settlement offer with your lender.