Document background
A Money Claim Letter is a crucial document in Singapore's debt recovery process, serving as a formal demand for payment before pursuing legal action. This document is typically used when informal attempts to collect payment have failed, but before initiating court proceedings. The letter must comply with Singapore's legal requirements, including proper documentation of the debt, clear payment terms, and appropriate notice periods. It should detail the amount owed, how it arose, and provide a reasonable timeframe for payment. The document plays a vital role in demonstrating the creditor's reasonable attempts to recover the debt before seeking legal remedies.
