This form is a sample letter from a law firm to opposing counsel confirming the payment schedule of defendant.
Subject: Wyoming Sample Letter for Payment Arrangements — Ensuring a Smooth Debt Repayment Process Dear [Creditor/Business Name], I hope this letter finds you well. I am writing to discuss a possible payment arrangement for the outstanding debt I have accumulated with your esteemed organization. I understand the importance of fulfilling my financial obligations and wish to work out a mutually agreeable plan that would allow me to clear the debt gradually while managing my current financial situation. As a resident of Wyoming, I believe in upholding responsible financial behaviors and acknowledging the impact of outstanding debts on both parties involved. Considering this, I am committed to tackling my financial obligations and appreciate your willingness to potentially accommodate my payment arrangement request. In order to provide a clear outline and understanding, I am proposing the following payment arrangement options: 1. Lump Sum Settlement: I am prepared to settle my outstanding debt in full by making a lump-sum payment. In this case, I kindly request you to provide me with the exact amount necessary to fully satisfy the debt. Upon receipt of the details, I will promptly arrange for the lump-sum payment. 2. Monthly Installments: Given my current financial circumstances, I would like to request the option of monthly installments. I propose a payment plan wherein I make fixed monthly payments until the debt is fully repaid. Please let me know your preferred duration for executing this payment plan, and I will ensure that timely payments are made each month. 3. Negotiable Settlement: If it is not feasible for me to fulfill the full amount of the outstanding debt, I would like to discuss the possibility of negotiating a settlement. I understand that this may require a partial payment, and I am open to a discussion to reach a fair resolution that satisfies both parties involved. Please consider this letter as a formal request to arrange for the aforementioned payment options. I assure you of my dedication to fulfilling my obligations and appreciate your consideration in facilitating a financially sustainable repayment plan. To ensure prompt communication and efficient record-keeping, I kindly request written confirmation of the chosen payment arrangement, outlining key details such as payment amounts, due dates, and any relevant account modifications. This will enable us to maintain transparency and avoid any misunderstandings as we move forward. I greatly value our business relationship, and you're understanding towards my current financial circumstances. I believe that by working together, we can reach a suitable agreement that accommodates both parties while ensuring a smooth repayment process. Thank you for your attention to this matter. I look forward to your positive response and prompt action in addressing my request. If you have any further questions or require additional information, please do not hesitate to contact me at your convenience. Warm regards, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address]
