Document background
The Letter For Demand Draft is a crucial document in Belgian business practice, used when formal collection of outstanding payments is required. This document type serves as an essential step in the debt collection process, typically issued after informal payment requests have been unsuccessful but before initiating legal proceedings. The letter must comply with Belgian Civil Code requirements and often references specific provisions of Belgian commercial law regarding payment terms and interest calculations. When drafting a Letter For Demand Draft, particular attention must be paid to including all legally required elements such as payment details, debt origin, and statutory notice periods. The document is commonly used across various industries and can be issued either directly by the creditor or through authorized representatives such as lawyers or collection agencies.
