This form is a sample letter in Word format covering the subject matter of the title of the form.
Letter For Recovery Of Outstanding Dues In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-0026LTR
Format:
Word;
Rich Text
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Description
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FAQ
Some brief guidelines, letters should: Be addressed to 'Dear You' Written in the first person e.g. 'I felt that...' Be up to 1,000 words in length, preferably less. Be supportive and give comfort to the person reading the letter. Use your first name or a pseudonym to end the letter.
As per my employment contract, I am entitled to receive my final paycheck, including any outstanding wages, unused vacation days, and any other dues that are owed to me. Therefore, I request you to clear all my dues before my last working day.
Unfortunately, my circumstances are unlikely to improve in the foreseeable future and I have no assets to sell to help clear my debt. I am therefore asking you to consider writing off my debt as I can see no way of ever repaying it. If you are unable to agree to this, please explain your reasons.
I would be very grateful if you would consider writing off the outstanding debt owing. I have always taken my financial responsibilities very seriously but unfortunately, my circumstances are so bad that I cannot realistically maintain payments of any kind.
I respectfully request that you forgive my alleged debt, as my condition precludes any employment, and my current and future income does not support any debt repayment. Please respond to my request in writing to the address below at your earliest convenience. Thank-you in advance for your understanding of my situation.
It depends on what you can afford. Your full and final settlement should offer equal amounts to each creditor. For example: Your lump sum is 75% of your total debt. You should offer each creditor 75% of what you owe them.
What things should be included in the Full and Final Settlement Letter? Settlement Amount: Clearly state the finalized amount to be settled. Settlement Cheque: Provide details regarding the issuance of the settlement cheque. Resignation/Termination Date: Specify the date on which the employee resigned or was terminated.