The Notice of Debt Recovery is a crucial document in Singapore's debt collection process, serving as the first formal step in recovering outstanding debts. It is typically issued when informal attempts to collect payment have been unsuccessful. The notice must detail the debt's origin, amount owed (including any interest or penalties), payment history, and provide a reasonable timeframe for settlement. Under Singapore law, this document must be carefully drafted to ensure compliance with the Limitation Act, Civil Law Act, and debt collection regulations. The notice also serves as important evidence should legal proceedings become necessary.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Creditor Details: Full legal name, registration number, and contact information of the creditor
2. Debtor Details: Full legal name, identification/registration number, and last known address of the debtor
3. Debt Information: Details of the original debt, current amount owed, interest accrued, and payment history
4. Payment Demand: Clear statement of the total amount demanded and payment deadline
5. Legal Basis: Reference to the underlying contract or basis of debt, including relevant dates
1. Payment History: Detailed breakdown of previous payments and defaults, included when there is a history of partial payments
2. Interest Calculation: Detailed breakdown of interest charges and calculation method, included when claiming interest
3. Settlement Options: Alternative payment arrangements or settlement proposals, included when the creditor is open to negotiation
4. Legal Consequences: Description of potential legal actions if payment is not received, included when escalation is being considered
1. Statement of Account: Detailed breakdown of all transactions, payments, interest charges and current balance
2. Original Contract: Copy of the agreement or documentation giving rise to the debt
3. Payment Records: Evidence of previous payments made and/or missed payments
4. Interest Calculation Schedule: Detailed schedule showing how interest has been calculated and applied
Find the exact document you need
Payment Recovery Letter
A formal demand letter for debt recovery under Singapore law, detailing outstanding amounts and payment requirements.
Download
Payment Collection Letter
A formal payment request document under Singapore law for collecting outstanding debts while adhering to local regulations.
Download
Bad Debt Collection Letter
A formal demand for payment of outstanding debt under Singapore law.
Download
Debt Collection Payment Plan Letter
A Singapore-compliant formal agreement establishing structured payment terms between creditor and debtor for debt settlement.
Download
Notice Of Debt Recovery
A formal notice under Singapore law that initiates debt collection proceedings by demanding payment of outstanding amounts.
Download
Final Demand Collection Letter
A formal final notice for debt collection in Singapore, serving as the last warning before legal action.
Download
Collection Letter Final Notice
A final written demand for payment under Singapore law, serving as the last notice before legal action.
Download
Debt Collection Form Letter
A Singapore-compliant formal letter demanding payment of outstanding debts, adhering to local collection regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)