Document background
The 3 Day Demand Letter is a crucial document in New Zealand's debt recovery process, typically used when previous attempts to collect payment have been unsuccessful. It serves as a final formal notice before initiating legal proceedings, providing the debtor with one last opportunity to settle the outstanding amount. This document must comply with New Zealand's legal requirements and typically includes detailed information about the debt, payment history, and clear payment instructions. The three-day timeframe is specifically chosen to create urgency while providing a reasonable period for response. The letter should be professionally drafted to maintain business relationships while clearly communicating the serious nature of the situation and potential legal consequences of non-payment.
