CATENATE

CATENATE CONSULTANT LAWYERS

DEBT RECOVERY

Let us help you with an outstanding debt

 

Typically, most debtors agree to settle their debt when issued a Letter of Demand from a law firm, as a lawyer’s Letter of Demand can be compelling for most debtors.

 

A letter of demand is a letter to the other party asking for money to be paid. It warns the other party that if this is not done you may start a court case​ to recover the money they owe you.

 

By us sending a simple letter, on your behalf, setting out your claim, they may convinced to pay the money and therefore avoid the need to start a case in court. This will save you time and money. If you end up having to go to court, the letter is evidence of you asking for your money back.

 

After the other party gets your letter of demand they might:

 

  • admit they owe you the money and make arrangements to pay you;

 

  • deny they owe you the money;

 

  • ask for more inform​ation;

 

  • negotiate, by offering to pay a lesser amount;

 

  • ask if you want to go to mediation; or

 

  • do not​hing.

 

If an agreement cannot be reached with the other party, you will need to decide whether to start a case in court. It is a good idea to try to resolve your dispute with the other party, before going to court.

 

If the matter does have to go to court, upon your instructions, we can refer you to a local law firm who specialises in debt recovery and can act on your behalf in this process.

 

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