If the IRS rejects your offer in compromise, you may appeal the decision. You have 30 days from the rejection date to file an official request for appeal.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. A good debt settlement letter should be concise, thorough, and convincing enough to get a creditor to agree to your terms. It is unclear what professional services most debt settlement companies offer to assist debtors while they save money to pay for a settlement. Alan R. Christian, Deputy Administrator, Packers and Stockyards. Program, Grain Inspection, Packers and Stockyards Administration,. Want to settle your debt?