Document background
A Final Demand Letter is typically used when previous attempts to collect a debt have failed and the creditor is prepared to take legal action. Under Singapore jurisdiction, this document serves as the final formal notice before initiating court proceedings. The letter must clearly state the outstanding amount, payment deadline, and consequences of non-payment while complying with Singapore's debt collection regulations and consumer protection laws. It should reference previous payment requests and include all relevant documentation supporting the debt claim. The Final Demand Letter is a crucial document that may later be used as evidence in legal proceedings.
