[Bankruptcy Court Address] [City, Province, ZIP Code] Re: Declaration of Bankruptcy
Dear Honorable [Bankruptcy Judge's Name],
I, [Your Full Legal Name], residing at [Your Address], hereby declare my intention to file for bankruptcy in accordance with the laws of the Republic of the Philippines. The decision to file for bankruptcy is a result of careful consideration of my financial circumstances, which have become unsustainable due to [briefly explain the circumstances leading to your bankruptcy, such as loss of employment, overwhelming debts, medical expenses, etc.]. Enclosed with this letter are the necessary documents, including a list of creditors, the amounts owed, and other pertinent details. I understand the gravity of this situation and am prepared to cooperate fully with the legal processes involved. I kindly request that the court consider my case and provide guidance on the appropriate steps to move forward. I am committed to attending any required hearings, submitting additional documentation as necessary, and complying with all legal requirements associated with the bankruptcy proceedings. I am seeking relief and the opportunity to rebuild my financial life. With the court's guidance, I hope to emerge from this process with a more stable foundation for the future.