How To Write A Letter Of Explanation For Filing Bankruptcy. The purpose of this letter is to inform you the reason why i filed for [chapter 13 bankruptcy] in [year]. It is not essential to include an apology in your bankruptcy explanation letter.
After being laid off from sears on june 18, 2017 after 25 years of employment, it was difficult to find employment and i fell behind in my financial obligations. And this account listed in my report was discharged. At the time, my wife had just been diagnosed with kidney cancer.
If The Consumer Is Filling Out A Loan Application, They May Want To Include The Letter With The Application.
The purpose of this letter is to inform you the reason why i filed for [chapter 13 bankruptcy] in [year]. In this case, he may write a letter to a bank or lender that he included in bankruptcy to communicate his regrets. Abigail mathew, i am writing this letter to explain to you the reason for having filed a bankruptcy in 2015.
A Letter Of Explanation Is A Brief Document You Can Use To Explain Anything In Your Financial Or Employment Documents That Might Make An Underwriter Pause, Like A Previous Bankruptcy.for Example, You May Need To Write A Letter Of Explanation If You Have Unusual Or Sudden Activity In Your Credit Report Or Banking Statements.
A letter of explanation is a short document you would send to a recipient such as a lender. Many lenders will take these letters into consideration when evaluating an applicant, so it is important to be open and honest about your situation. At the time, my wife had just been diagnosed with kidney cancer.
I Was Hoping Someone Has Some Advice As To What This Letter Should Entail.
When your lender requests a mortgage letter of explanation, remember this first: Common steps to rebuild your credit include: I spoke with an attorney and he advised that it would be best to file for bankruptcy at that time.
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Op, if you had extenuating circumstances, explain as @nc_mtg_loaner suggested. You’ll need to modify it to fit whatever your bankruptcy situation was. A simple, clear and truthful explanation.
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A few examples, but of course, only if they apply and are truthful. It is not essential to include an apology in your bankruptcy explanation letter. So i started the proceedings and the chapter 13 bankruptcy was discharged in june of 2007.
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