This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Fill in your contact details, account number and any extra information you want to include in the grey shaded areas.Today's date will be added automatically. A request for dismissal will be filed within 45 days after the date of the settlement. Date of settlement: b. Conditional. A formal document confirming settlement of all dues upon an employee's departure, detailing amounts owed and cheque issuance. To start the process of obtaining a letter of administration, you must fill out Form DE150. You can send it to the creditor or their lawyer. You have until January 8, 2007, to submit a claim or to opt-out of the settlement.