Debt collection refers to the legal process of collecting outstanding debt owed by an individual or business. Our team of legal experts at Burger Huyser Attorneys are leading debt collection lawyers in Johannesburg, South Africa.
There are, unfortunately, individuals or businesses who for various reasons are not punctual with their payments and individuals who outright falls into arrears in paying their dues. In today’s economic climate, debt collection has become a necessary expense for the financial liquidity of your business.
A letter of demand is one of the most cost effective and fast methods used to encourage a debtor into settling arrears. If a debtor ignores a letter of demand, the decision needs to be made whether it would be worth proceeding with legal action to recover the debt.