This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. For example, you were out of work for three months, you had to hire someone to perform housework, or you needed help with childcare.When drafting a debt settlement letter, you'll want to include basic information, including your name and account number. A person or entity operating as a structured settlement purchase company in Georgia must register with the Secretary of State pursuant to OCGA 51-12-73. The purpose of this Regulation is to provide procedures for the expeditious and efficient settlement of first party property damage claims. By completing this form, you acknowledge you have read the following statements: It is strongly recommended you have a lawyer represent you in your case. The Georgia Supreme Court approved the timely payment condition in the case of Grange Mutual Cas. 2d 1507 (11th Cir. 1988).