Credit and failure to pay
Letter C (c) - Final Demand - NSW (under $10,000)
A formal letter explaining the legal process to follow a failure to comply with the strict timetable - such as a Statement of Liquidated Claim in the Local Court - and giving a final 7 days to comply.
Letter J - Granting leniency - write off the debt
Letter A - Friendly reminder
The first step in the demand for payment - a friendly reminder and a request for communication if there is a problem.
Failure to Pay & Bad Debt - policy manual (QLD)
An extract from the company's policy manual regarding failure to pay and bad debt recovery in Queensland. It includes a debt recovery procedure and a Provision for Bad & Doubtful Debts. It describes all possible variations to the debt recovery procedure such as dispute, leniency, ability to pay, pay by instalment, moratorium, write-off and legal proceedings.
Letter I - Granting leniency - offer of reduced lump sum
Letter K - Granting leniency - agree to moratorium
Letter D - Disputing the debt
Letter G - Cannot afford to pay (request for leniency)
Failure to Pay & Bad Debt - policy manual (NSW)
An extract from the company's policy manual regarding failure to pay and bad debt recovery in New South Wales. It includes a debt recovery procedure and a Provision for Bad & Doubtful Debts. It describes all possible variations to the debt recovery procedure such as dispute, leniency, ability to pay, pay by instalment, moratorium, write-off and legal proceedings.
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