Document background
The Demand for Payment is a crucial document in Belgian debt recovery procedures, used when formal collection of an outstanding payment is required. This document serves as an essential step in the debt collection process, often preceding legal action, and must comply with Belgian legal requirements, including the Law of 2 August 2002 on combating late payment in commercial transactions and the Law of 20 December 2002 on Amicable Recovery of Consumer Debt. The Demand for Payment should clearly state the amount owed, the basis for the debt, payment instructions, and the consequences of non-payment. It can be used in both business-to-business and business-to-consumer contexts, requiring different approaches and compliance considerations depending on the debtor's status. The document plays a vital role in establishing a formal record of attempted collection and can be crucial evidence in subsequent legal proceedings.
