Get Your Letter of Demand
A Letter of Demand is a letter demanding an action or payment of a debt and outlining the consequences if the debt is not paid. It is important to seek legal advice when drafting a Letter of Demand to ensure that it is properly tailored to your needs. OneCompany can help you draft a custom Letter of Demand for your Malaysian business that takes into account your company’s specific needs and requirements.
Frequently Asked Question
How many types of demand letters do you draft?
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OneCompany can help you draft four types of demand letters:
- Debt Recovery
- Action Required
- Insurance Claim
- NSF Cheque
Why should I use a Demand Letter?
There are several reasons why you might use a demand letter:
- To request payment of a debt;
- To threaten legal action if a debt is not paid;
- To set out the consequences of non-payment;
- To give notice that you will be taking action to recover a debt;
- To request information about the debt.
What should I include in a Debt Recovery Demand Letter?
A Debt Recovery Demand Letter should include:
- The name of the debtor and the amount outstanding;
- A statement that the debt is due and payable;
- A demand for payment of the debt;
- Details of any interest that is accruing on the debt;
- A statement that legal action will be taken if the debt is not paid;
- The date by which payment must be made.
What should I include in an Action Required Demand Letter?
An Action Required Demand Letter should include:
- The name of the person to whom the letter is addressed;
- A description of the action required;
- The deadline for taking action;
- A statement that legal action will be taken if the required action is not taken;
- The date of the letter
What should I include in an Insurance Claim Demand Letter?
An Insurance Claim Demand Letter should include:
- Your policy number and the date of the loss;
- A description of the loss;
- The amount of money you are claiming;
- supporting documentation, such as photographs, police reports, and estimates;
- A demand for payment of the claim.
What should I include in an NSF Cheque Demand Letter?
An NSF Cheque Demand Letter should include:
- The date of the cheque and the cheque number;
- The amount of the cheque;
- The name of the payee;
- A demand for payment of the amount of the cheque, plus any fees that may be charged by your bank;
- A statement that legal action will be taken if the debt is not paid.
- Supporting documentation, such as photos or copies of the cheque.