Deed of Release Template is a comprehensive deed in which a debt has been owed, debt recovery commenced, then settlement reached.
This Deed of Settlement Agreement document is in the form of a deed with common provisions relating to release and discharge of court proceedings
The first step in Debt Recovery is a well worded letter of demand. It is helpful to recommend a client issue a demand of their own. This puts the debtor on notice that they are seriously overdue and foreshadows the matter being passed to a solicitor. After the client’s demand a formal letter of demand should come from the solicitor’s office. The Debt Recovery bundle download includes three letters of demand and a Statement of Claim so you can take the matter to court if the debt is not paid.
The Australian Treasury describes a statutory demand as… A notice made by a creditor under the Corporations Act on a debtor company. As the name suggests, a statutory demand demands the payment of a debt.