A Vermont Debtor Hardship Letter is a legal document used to explain an individual’s current financial situation and request relief from creditors. This type of letter is typically used when an individual is facing financial hardship due to unforeseen circumstances such as job loss, illness, or divorce. It is generally sent to creditors in order to negotiate a lower payment on outstanding debt. There are two main types of Vermont Debtor Hardship Letters: the Statement of Hardship and the Request for Relief. The Statement of Hardship outlines the individual’s financial situation and details the reasons for the hardship. It typically includes information such as income, expenses, and assets. The Request for Relief outlines the specific relief the individual is requesting from the creditor, such as lower interest rates, lower monthly payments, or a reduction in the total debt amount. In addition, the letter must include the individual’s contact information and signature, as well as any supporting documentation. This can include income statements, bank statements, and other documents that prove the individual’s financial hardship. The letter should also include a request for the creditor to respond to the individual in a timely manner.