Letter Notice of Litigation

Company Letterhead

{{company_name}}

{{company_address}}

{{phone}}

{{email}}

{{website}}

Date

{{date}}

Recipient Information

{{recipient_name}}

{{recipient_address}}

Subject

NOTICE OF INTENTION TO INSTITUTE LEGAL PROCEEDINGS – OUTSTANDING DEBT OF {{currency}} {{amount}}

Salutation

Dear {{recipient_name}},

Background and Demand

This letter serves as a formal notification regarding your outstanding debt amounting to {{currency}} {{amount}} (hereinafter referred to as “the Outstanding Debt”) due to {{company_name}}. This debt relates to {{description_of_debt, e.g., goods supplied on [date], services rendered under contract [contract_ID], invoice number [invoice_number]}}.

Despite previous communication and attempts to resolve this matter amicably, the Outstanding Debt remains unpaid and overdue as of {{due_date}}. Details of the outstanding amount are as follows:

Invoice Number(s): {{invoice_numbers}}

Original Amount: {{currency}} {{original_amount}}

Payments Received: {{currency}} {{payments_received}}

Interest Accrued (if applicable): {{currency}} {{interest_accrued}}

Total Outstanding: {{currency}} {{amount}}

Notice of Litigation

Please be advised that if the full Outstanding Debt of {{currency}} {{amount}} is not settled within {{days}} ({{days_in_words}}) calendar days from the date of this letter, we shall, without further notice, commence legal proceedings against you for the recovery of the Outstanding Debt. Such legal action may include, but is not limited to, instituting a summons for the recovery of the principal debt, accrued interest, and all legal costs incurred by {{company_name}} on an attorney and own client scale.

Furthermore, such legal proceedings may negatively impact your credit record and could result in additional charges, including collection costs and disbursements.

Payment Options

To avoid legal action, please make the full payment of {{currency}} {{amount}} by {{payment_deadline_date}} to the following bank account:

Bank Name: {{bank_name}}

Account Holder: {{company_name}}

Account Number: {{account_number}}

Branch Code: {{branch_code}}

Reference: {{payment_reference}}

Contact Information

Should you wish to discuss this matter or propose an alternative payment arrangement, please contact {{contact_person}} at {{contact_phone}} or {{contact_email}} within {{days}} days of the date of this letter. Failure to do so will be taken as an indication that you have no intention of settling the Outstanding Debt and we will proceed with legal action as outlined above.

Closing

Yours faithfully,

Signature Block

_________________________

{{sender_name}}

{{sender_title}}

For and on behalf of {{company_name}}