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Letter of Demand (Debt)

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Letter of Demand (Debt)

Legal Guide - 10/03/18

What is a letter of demand (debt) and do you need one?

A letter of demand (debt) is a formal letter formally request recovery of an outstanding debt.

You should always have a letter of demand (debt) if:

  • You have made previous attempts to recover a debt;
  • A person or business has failed to response to your previous requests for payment;
  • You would like to formally request payment for the outstanding debt;
  • You are preparing to take legal action over the outstanding amount.

Other name for letter of demand (debt) letter:

  • Demand for payment;
  • Debt recovery;
  • Debt collection letter.

What does the letter of demand (debt) cover?

  • Amount of the outstanding debt owed; 
  • Date the debt was due;
  • Description of what the debt is owed for;
  • Demand for payment over the owed debt.

 

If you want to learn more about letter of demand (debt), customizing legal documents, establishing your company, Plato’s electronic signature service - or if you’d like a fixed fee quote from Indonesia’s best pre-vetted lawyers, for your specific budget and legal needs - contact the Plato team today at +62 21 2988 7964!

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