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How to Ask the Bank to Manager to Wave Bank Liability
January 18, 2019
The Manager
Bank Name
Branch Name
Address
Sub: Waiver on Residual Liability against Loan AC: [insert account title & number].
Dear Sir,
We had taken a loan of [insert amount] from your reputed bank in the year [insert date/year] in order to accumulate fund for our [insert project name] project. Accordingly, we commenced the project and finished the same on time, however, with a huge loss of [insert amount]. The loss ultimately put our company into liquidation state. Even after having a hard time, we were very resolute to settle your loan and repaid the full principal amount and most of the interest. As per our record, at present our liability with your bank is [insert balance liability], representing interest only.
As told you before, right now our company is totally bankrupt and is unable to generate any fund from the business or any other source. So, now it’s impossible for us to pay further interest against the liability. Therefore, we would request you to waive the residual liability against the subject loan as a special consideration.
Best regards,
Handwritten Signature (Name of Client) Designation
