¶¶Òõ¶ÌÊÓƵ

The Debt Settlement Offer Letter is a crucial document used in New Zealand's debt resolution process when a debtor seeks to negotiate a settlement of outstanding debt with their creditor. This document is particularly relevant in situations where full repayment may not be feasible, and an alternative arrangement is proposed. The letter must comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017, Credit Contracts and Consumer Finance Act 2003, and Fair Trading Act 1986. It typically includes detailed information about the original debt, current financial circumstances, proposed settlement terms, and payment arrangements. The document serves as the initial step in formalizing a potential debt settlement agreement and can be used by individuals, businesses, or their authorized representatives.

1. Sender's Details: Full name, address, and contact information of the debtor

2. Date: Current date of the letter

3. Recipient's Details: Creditor's name, address, and relevant reference numbers

4. Subject Line: Clear identification of the letter's purpose as a debt settlement offer

5. Debt Information: Details of the original debt, including account numbers and current outstanding amount

6. Settlement Offer: Specific details of the proposed settlement amount and terms

7. Payment Terms: Proposed payment method and timeline

8. Settlement Conditions: Any conditions attached to the settlement offer

9. Response Requirements: How and when the creditor should respond to the offer

10. Closing: Professional closing statement and signature