To the Commonwealth Bank



19 March 2001

Company

Address

City State Postcode

Dear Sir/Madam,

Re: Mr.

We refer to our previous correspondence and discussion in relation to the above.

Mr. is currently employed fill-time as a courier and his average weekly pay is $425.00. In relation to his house the current outstanding balance is approximately $63,500. He is almost 3 months in arrears with his payments and has been asked to catch up over the next 6 months.

The following is a summary if his average weekly living expenditure:

Mortgage (Inc. Arrears) $125.00

Electricity and Telephone $25.00

Car expenses (incl. Petrol, Repairs, $40.00

Registration and Insurance)

Food $60.00

Personal Expenditure (incl. clothing) $55.00

$305.00

The following is a summary of his other outstanding commitments, together with a repayment offer for your consideration. The payments would be made fortnightly, with first payment to be made by 15th April and the situation reviewed in 3 months time or earlier in the event of a further change his situation.

Creditor Amount Owing Repayment Offer

AGL Energy $295.00 $20.00 per month

Avco Access $1100.00 $50.00 per month

Chief Commissioner of Stamp Duties $1585.00 $60.00 per month

City of Greater Lithgow (Land Rates) $630.00 $30.00 per fortnight

City of Greater Lithgow (Water Rates) $1060.00 $50.00 per fortnight

Family First Credit Union $1060.00 $50.00 per month

Hal Gingers and Co, Solicitors $740.00 $40.00 per month

Taxation Office $740.00 Nil

In relation to the Land and Water Rates, outstanding these are approximate balances up to 30th June 2001.

For the outstanding taxation debt, we are seeking a deferment of any payments until after lodgement of 2000/2001 Return.

We await your favorable response.

Yours faithfully,

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download