I want to send a letter of demand to recover money
I have received a letter of demand and need advice
Letter of demand
Issuing a letter of demand sends a clear and strong signal to the debtor that the matter has been referred to third party professionals, and that this is their last opportunity to resolve the matter amicably without having to resort to formal legal proceedings which will result in higher costs for all parties involved.
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+ When to send a demand letter?
There is no set timetable for when you should send a letter of demand, but if an invoice for example is well overdue, and general dialogue and reminders from yourself or your business have failed to draw action, then a demand letter from a lawyer is a logical next step before commencing any formal legal procedures.
+ How much does a letter of demand cost?
The cost of a letter of demand will vary depending on the size and complexity of the debt. In order to give you an accurate quote, please contact us to discuss your situation.
+ Why not just write an LOD myself?
You could, but debtors will often ignore personally written letters of demand. A LOD from a law firm sends a clear and strong signal to the debtor that the matter has been referred to third party professionals, and that this is their last opportunity to resolve the matter amicably without having to resort to formal legal proceedings which will result in higher costs for all parties involved.
+ What is a letter of demand?
A letter of demand (LOD) is a letter that sets out a list of demands for the recipient to comply with. A letter of demand is usually sent by a lawyer on behalf of their clients and often threatens legal action if the demands are not satisfied within a certain period of time. It can often have the desired impact of creating action on the debtor's side.
+ How effective is a letter of demand?
Clients usually send demand letters after initial attempts to contact a debtor for overdue payments have been ignored. In our experience, a demand letter from a lawyer can be a very cost-effective first option as it essentially places the ball in the court of the recipient to respond. Failing to respond could be reviewed unfavorably if the matter later reached court.
+ Do you cover personal & corporate recovery?
Yes, we have significant experience in handling all kinds of debt recovery. This includes personal and corporate matters, from SMEs to MNCs.
Some of our dedicated team
Roy'yani Abdul Razak
Letter of Demand Learning Hub
An Introduction to Letters of Demand
Introduction A letter of demand (LOD) is a formal letter that lists out a set of demands for the recipient to comply with. A letter of demand is usually sent by a lawyer on behalf of their clients and will often threaten additional legal action if the demands of the letter are not satisfied within a stated period of time. A letter of demand can be sent for many purposes,...
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In this article, we’ll touch upon the main reasons to leverage a law firm to recover debts. For further information, please feel free to get in touch to discuss your matter. Proper accounting for your money Every law firm in Singapore is subject to oversight by the Law Society of Singapore. This means we are bound by strict rules of professional conduct. Debt collection agencies, on the other hand, are...
Steps in Debt Recovery
The debt recovery process can be unique to every scenario, but our lawyers will be able to review your matter and advise on the best steps as part of any initial consultation. The goal in any debt recovery matter should be to try and recover early without needing to take the matter to court. In this article, we touch upon the general steps that might occur in a typical case....
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