MONEY RECOVERY LEGAL NOTICE

INTRODUCTION

The scariest thing about lending money is the fact that what if the borrower doesn’t pay back. Collecting bad debts and outstanding receivables, or dealing with bounced cheques can cause distress. Unlike banks with their well established recovery machinery, the common man can hardly boast such resources. However, if one is ready to battle it out, there are multiple provisions in the law to help you out. The first step to be taken in this direction is sending a Legal Notice to the opposite party.

PROCESS

The key points in the legal notice are as follows:

• Name and address of the sender and defaulter
• Description of the relationship between the sender and the defaulter
• Details regarding the cause of action
• Monetary Relief Claimed
• Explanation of the legal basis for such a relief

This legal notice can either be emailed to the defaulter or sent via registered post to the defaulter.

ADVANTAGES / FEATURES

1. It helps in cases where one has lent money without any written documentation, only based on oral promises.
2. It helps to recover dues from family members, corporate and big organizations.
3. It helps one to initiate criminal or civil proceedings against the defaulter.

DOCUMENTS REQUIRED

1. Original invoice/ bill for sale of product/ service
2. All communications in forms of letters or emails sent to the other party for repayment of money and any other document related to the product/ service
3. Receipt of acknowledgement of post of Notice

Documents required for money recovery legal notice

To get your MONEY RECOVERY LEGAL NOTICE Today!

Contact Dastawezz