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Hold Action on my Account While I Get Advice – Coronavirus – Template Letter

Use this letter to request all action on your account be suspended while you get advice.

You can choose to send a letter in your own name or in joint names. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.

Sample - Hold Action - Coronavirus
  • Fill in your contact details, account number and any extra information you want to include in the grey shaded areas.
  • Today’s date will be added automatically.
  • Sign each letter and enclose a copy of your budget if needed.

{{FORM}}

{{Name of the Organisation}}

{{Their Address}}

{{Their Postcode}}

{{Your Address Line 1}}

{{Your Address Line 2}}

{{Your Postcode}}

Dear Sir/Madam

Account No: {{Your account or reference number*}}

As a result of the impact of COVID-19 (Coronavirus) our financial situation has changed and is likely to continue to change at the moment. 

We may need to get further advice on our long-term solutions for dealing with our debts and adapting to this particular situation.

Therefore we would like to request you hold action and freeze interest and charges on this account.

Thank you for your understanding and I hope to hear from you soon.

Yours faithfully,

{{Include your full name*}}

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By Chris Andersen
Licensed Insolvency Practitioner

Chris became an Insolvency Practitioner in 2014 and is currently regulated by the IPA.

He is experienced in contentious insolvency with excellent analytical skills and strong knowledge of both general and technical insolvency matters.

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If you need help understanding the best way forward for your company, use the live chat during working hours, or call us on 0800 074 6757. We’ve helped 1000’s of directors navigate difficult financial circumstances.

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