business letter to creditors advising them company is in bankruptcy

1234, Main Street
Boston, MA 02123

05 April, 2005

Hello,

Re: Account No.

Please be advised that, due to insurmountable financial difficulties, has been forced to declare bankruptcy. With the help of our attorney, we have begun Chapter proceedings. All of ‘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, . can be reached at .

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

Regards,

Robert Anderson

encl:

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