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Letter for Business Letter To Creditors Advising Them Company Is In Bankruptcy

This letter informs creditors that your business is entering bankruptcy.

1234, Main Street
Boston, MA 02123

05 April, 2005

<Recipient Address Goes Here>


Re: Account No. <account number>

Please be advised that, due to insurmountable financial difficulties, <name of company> has been forced to declare bankruptcy. With the help of our attorney, we have begun Chapter <chapter> proceedings. All of <name of company>'s debts will be turned over to a trustee in bankruptcy who will evaluate each debt and place it in line either for payment or discharge through the bankruptcy process.

I would appreciate it if you would direct any further inquiries regarding this account to our bankruptcy attorney, <name of attorney>. <He/She> can be reached at <phone number>.

The trustee in bankruptcy will be in touch with you regarding the status of your account and its standing in the bankruptcy process.


Jim Karter

encl: <List of enclosed items goes here>

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