Document background
The Personal Demand Letter is a crucial document in Hong Kong's debt recovery process, serving as a formal written request for payment of an outstanding debt. It is typically used when informal attempts to collect payment have been unsuccessful and before initiating legal proceedings. The document must comply with Hong Kong's legal requirements and should include specific details about the debt, payment terms, and consequences of non-payment. Personal Demand Letters are used in various contexts, from individual creditors seeking repayment of personal loans to businesses pursuing outstanding payments. The letter must be drafted carefully to ensure it meets local legal standards and can serve as valid evidence in potential court proceedings. It's essential to maintain a professional tone while clearly stating the demand and including all relevant information about the debt, previous communications, and payment instructions.
