How to reply after receiving the real estate collection letter?

How to reply after receiving the real estate collection letter?

To: Tangshan XX Automatic Welding Equipment Co., Ltd.

Our company has received the "dunning letter" sent by your company on XX, XX, XX, and now we reply as follows:

Due to the shortage of funds at present, we are unable to pay off the money owed to you in one lump sum for the time being. Please give us a certain grace period. Our company promises to pay 50% of the arrears before xx, XX and the remaining 50% before XX. I hope your understanding and support.

Shunsong!

Shang Qi!

Hu' nan XXXXX co., ltd

XX,XX,XX,XX