Request for Extension of Time to Pay Debt - Form Pro · NG-law

✓ Valid in Nigeria · drafted to comply with local law

Create your Request for Extension of Time to Pay Debt - Form for use in Nigeria. Answer a few plain-English questions and the document fills in automatically as you go — then download it in Word and PDF, ready to sign or share. This version has been professionally rewritten to comply with local law.

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Request for Extension of Time to Pay Debt - Form

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Dear Sir/Madam,

RE: REQUEST FOR EXTENSION OF TIME TO REPAY OUTSTANDING DEBT

§1. Introduction. I, the undersigned, write respectfully to formally request an extension of time within which to discharge my indebtedness to you, the particulars of which are set out below.

§2. The Existing Obligation. Pursuant to the ________ dated ________ ( he ented between by me and you ("the Agreement"), I undertook to repay the principal sum of \u20a6________ (________ Naira) on or before ________ ("the Due Date").

§3. Reason for the Request. Regrettably, I am presently unable to meet the said obligation on the Due Date for the following reason(s):

________

§4. Proposed Revised Repayment. I therefore respectfully request an extension of time and propose to repay the entire outstanding sum of \u20a6________, together with any interest lawfully accruing thereon under the Agreement, on or before ________ ("the Revised Date").

§6. No Waiver. I acknowledge that this request, whether granted or not, shall not operate to prejudice, vary, or extinguish any of your rights or remedies under the Agreement or at law, save to the extent expressly agreed in writing between us.

§8. Apology and Conclusion. I sincerely apologise for any inconvenience that this delay may occasion and I am grateful for your patience, consideration, and understanding in this matter. I look forward to your favourable response.

Yours faithfully,

____________________
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WITNESS

Name: ________
Address: ________
Occupation: ________
Signature: ____________________
Date: ________

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