Document background
The Debt Recovery Letter of Demand is a crucial document in Belgian commercial and civil practice, serving as a formal written notification demanding payment of an outstanding debt. It is typically used when previous informal attempts to collect payment have been unsuccessful, but before initiating legal proceedings. The document must comply with Belgian legislation, including the Civil Code and specific debt collection regulations, particularly regarding payment terms, interest calculations, and collection practices. This letter should include detailed information about the debt, payment history, applicable interest rates, and a clear deadline for payment. It serves multiple purposes: formally demanding payment, creating a paper trail for potential legal action, and demonstrating compliance with pre-litigation requirements under Belgian law. The document is essential for businesses and individuals seeking to recover debts while maintaining legal compliance and professionalism in their collection efforts.
