DEBT COLLECTION

DEBT COLLECTION

 

Below is a sample letter of demand which you can customise to your own needs. 

The important thing to remember is that your demand must :-

          •    Confirm the nature of the debt;
          •    Confirm that payment is now outstanding in accordance with your terms;
          •    Provide for a cut off date for payment; and
          •    Warn the Debtor that if payment is not made, you will refer the matter to a solicitor without further notice and legal action will                 follow.

 

The letter is important as it could be used as evidence in court proceedings.

 

If the debt remains unpaid, you can then contact us to pursue more aggressive means and you have not unduly incurred substantial legal costs.

YOUR ADDRESS HERE

 

Debtor

Address

 

Dear Sir/Madam

 

INVOICE NUMBER:

AMOUNT OF DEBT:

 

I refer to the above debt for the sum of $XXX.XX for (INSERT TYPE OF WORK OR SERVICES CARRIED OUT EG: ACCOUNTING WORK, LANDSCAPING SERVICES) provided to you in accordance with the enclosed invoice.                          

 

Despite request, you have failed to make payment of that account.

 

Unless payment is received by us no later than 5.00pm (INSERT DATE 7 DAYS FROM TODAY), I will engage legal practitioners to enforce the debt against you.

 

Enforcement proceeding of any judgement may include the sale of any assets including property, garnishee of wages and bank accounts and the associated legal costs and fees. You will also be referred to any credit reference agency.

 

We look forward to receipt of prompt payment.

 

Yours faithfully,

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