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Demand to Guarantor for Payment

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Demand to Guarantor for Payment Powered By Docstoc
					[LETTERHEAD] [DATE]

Certified Mail, Return Receipt Requested and Via Fax

Re:

Demand for Payment

Dear [NAME OF RECIPIENT]: This is to notify you that [NAME OF DEBTOR] is currently in default under its obligations to [NAME OF CORPORATION] in the amount of $[N] as of [DATE]. In accordance with the terms and conditions of your Guaranty dated [DATE], you are responsible in full for all obligations of [DEBTOR]. Demand is hereby made for payment in full of said amount, which payment must be received by us by a cashier’s check by [DATE] at the following address:

In the event we do not receive full payment from you by the required date, we will proceed to commence legal proceedings against you under your Guaranty and will additionally assess you legal fees and costs for such legal proceedings, as provided to us by the Guaranty. If you have any questions, call the undersigned immediately at [PHONE NUMBER]. Very truly yours,

[SIGNATURE] [YOUR NAME] [TITLE]


				
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Tags: business, legal
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posted:8/17/2007
language:English
pages:1