Are you unhappy with the way your mortgage company has treated you? You may be bearing a tough time financially and have had to file for bankruptcy. Whatever the reason, you may need to write a bankruptcy explanation letter.
This template will help you create a professional and effective letter that will explain your financial situation to your mortgage company. Remember to include all the relevant information in the letter, such as the date of your bankruptcy filing, your contact information, and an explanation of the circumstances that led to your bankruptcy. Be sure to have the letter reviewed by a lawyer before sending it out. Click here to download our template now!
Bankruptcy Explanation Letter Sample
[Your Name]
[Your Address]
[City, State, Zip Code]
[Date]
[Recipient’s Name]
[Recipient’s Address]
[City, State, Zip Code]
RE: Bankruptcy Explanation Letter
Dear [Name of Recipient,]
I am writing to explain the circumstances surrounding my recent bankruptcy filing. First and foremost, I want to convey my sincere regret for having to take this step. I have always taken pride in being responsible, and I never intended to find myself in this situation. However, due to a series of unforeseen events, I had no choice.
In the past year, I have experienced several financial setbacks:
- My hours at work were reduced, which led to a decrease in my income.
- I incurred a medical emergency that resulted in significant medical bills.
- My car was involved in an accident, and I had to pay for repairs.
As a result of these events, I found myself falling behind on my bills. Despite my best efforts, I could not catch up, and I eventually had to seek relief through bankruptcy.
Again, I am genuinely sorry for having to take this step. I know it is not ideal, but it was the only way to protect my assets and provide for my family. I am committed to rebuilding my credit and regaining your trust.
Thank you for your time and consideration.
Very truly yours,
[Signature]
[Your Name]
[List of Enclosures]