The Debt Letter of Demand is a crucial document used in Danish business and legal practice when formal demands for payment are required. It serves as the final formal notice before initiating legal proceedings and must comply with Danish legislation, including the Danish Interest Act (Renteloven), Limitation Act (Forældelsesloven), and Debt Collection Act (Inkassoloven). This document is typically used when informal attempts to collect payment have failed, and the creditor needs to establish a clear record of formal demand before pursuing legal remedies. The letter must include specific details about the debt, calculation of interest, payment deadlines, and potential consequences of non-payment, all while adhering to Danish legal requirements regarding form and content of such demands.
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Key Requirements PROMPT example:
Debt Letter Of Demand
I need a Debt Letter of Demand under Danish law for an unpaid construction contract worth 250,000 DKK, with the final payment being overdue since January 2025, including a warning about potential legal action if payment isn't received within 14 days.
1. Creditor Details: Full legal name and contact information of the creditor, including any relevant business registration numbers
2. Debtor Details: Full legal name and address of the debtor, including any relevant identification numbers
3. Debt Information: Clear statement of the total amount owed, including the original debt amount, any accrued interest, and additional charges
4. Payment History: Brief overview of the payment history and when the debt became overdue
5. Legal Basis: Reference to the contract or circumstance that gave rise to the debt
6. Interest Calculation: Specification of interest rate being applied and how it's calculated according to Danish Interest Act
7. Payment Demand: Clear demand for payment with specific deadline and acceptable payment methods
8. Legal Consequences: Statement of intended legal action if payment is not received by the specified deadline
1. Previous Communications: Reference to previous payment requests or communications - include when there has been prior correspondence about the debt
2. Security Details: Information about any security or collateral held against the debt - include when the debt is secured
3. Third Party Authorization: Details of debt collection agency or legal representative authorization - include when the letter is sent by a third party
4. Joint Debtor Information: Details of other parties jointly liable for the debt - include when there are multiple debtors
5. Settlement Options: Proposed payment plans or settlement options - include when the creditor is willing to accept alternative payment arrangements
1. Debt Calculation Schedule: Detailed breakdown of the debt, including principal, interest, fees, and other charges
2. Supporting Documentation: Copies of relevant contracts, invoices, or other documents evidencing the debt
3. Interest Calculation Schedule: Detailed calculation of interest charges showing base rate, periods, and total interest claimed
4. Payment History Schedule: Detailed record of all payments made and missed payments
5. Legal Authority Documentation: Copies of power of attorney or other authorization documents if the letter is sent by a representative
Authors
Relevant legal definitions
Original Debt Amount
Due Date
Interest Rate
Default Interest
Payment Date
Outstanding Balance
Creditor
Debtor
Security
Business Day
Payment Terms
Collection Costs
Legal Fees
Original Agreement
Demand Period
Default Notice
Principal Sum
Accrued Interest
Late Payment Charges
Settlement Date
Authorized Representative
Governing Law
Payment Instructions
Supporting Documentation
Due Date
Interest Rate
Default Interest
Payment Date
Outstanding Balance
Creditor
Debtor
Security
Business Day
Payment Terms
Collection Costs
Legal Fees
Original Agreement
Demand Period
Default Notice
Principal Sum
Accrued Interest
Late Payment Charges
Settlement Date
Authorized Representative
Governing Law
Payment Instructions
Supporting Documentation
Clauses
Identification of Parties
Debt Declaration
Payment Terms
Interest Calculation
Default Provisions
Legal Authority
Supporting Evidence
Payment Instructions
Legal Consequences
Dispute Resolution
Governing Law
Debt Acknowledgment
Collection Costs
Time Limits
Notice Period
Security Enforcement
Contact Details
Documentation Reference
Debt Declaration
Payment Terms
Interest Calculation
Default Provisions
Legal Authority
Supporting Evidence
Payment Instructions
Legal Consequences
Dispute Resolution
Governing Law
Debt Acknowledgment
Collection Costs
Time Limits
Notice Period
Security Enforcement
Contact Details
Documentation Reference
Relevant Industries
Financial Services
Banking
Insurance
Real Estate
Construction
Manufacturing
Retail
Professional Services
Healthcare
Technology
Telecommunications
Transportation and Logistics
Energy and Utilities
Agriculture
Education
Relevant Teams
Legal
Finance
Accounts Receivable
Credit Control
Treasury
Risk Management
Compliance
Collections
Corporate Affairs
Operations
Relevant Roles
Credit Manager
Financial Controller
Accounts Receivable Manager
Collections Specialist
Legal Counsel
Corporate Lawyer
Finance Director
Credit Control Officer
Debt Recovery Specialist
Treasury Manager
Risk Manager
Chief Financial Officer
Compliance Officer
Business Owner
Account Manager
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