How To Write A Letter Explaining Bankruptcy. A letter of explanation for bankruptcy is a statement prepared by a borrower and sent to the potential lender to clarify why they had to file for bankruptcy in the past. Posted on may 5, 2012 by sample letters leave a comment.
Whatever explanation you offer, you need to back it up. Sometimes, lenders also ask for a letter of explanation for mortgage to ask for clarification on issues such as insufficient funds. The letter should disclose all the circumstances leading to bankruptcy.
