Dear Mr. Michael,
As we have agreed on our telephone conversation recently, I enclose three post-dated checks totaling USD6000 as payment for our outstanding debt that my predecessor, Mr. Paul, had allowed to accumulate.
As you know, Mr. Paul had absconded with a substantial amount of company money and he is now being sought by the law. Thus we are in a bit of a financial mess and we thank you for allowing us time to settle our debts.
Meantime we sincerely hope you will allow us to continue to order goods on credit so that we can carry on our business and recover from this setback. Thank you.