Debt Recovery & Letters of Demand

Q: Do you handle personal and corporate debt recovery?

Yes, we are experienced in handling all kinds of debt recovery, both corporate and personal matters.

Q: What are the likely fees involved?

A letter of demand will typically cost from $100, depending on the size and complexity of the debt. Please contact us to discuss your situation and we'll be able to provide you with a firmer quote.

Q: What is a letter of demand?

A Letter of Demand is a letter that is usually drafted by a lawyer, which demands the repayment of the debt in full or for the performance of a particular obligation. This letter is usually sent after you have tried unsuccessfully to recover your debt or the amount outstanding on an invoice. The letter of demand is used to provide notice of a party’s intention to enforce their rights, such as the recovery of debt (personal loans or when there has been a breach of a contract in a business relationship). It is also worth noting that if you anticipate that the debtor will breach an agreement or contract you can also send them a letter of demand. It is usually one of the first steps in attempting to recover a debt, and can be used (if necessary) in court to provide evidence of a parties attempt to recover the debt prior to bringing the matter to the appropriate court.

Q: Why even use a law firm to recover debts?

The key reasons can be summarised as follows: Law firm accounts are subject to the oversight of the Law Society of Singapore . This means your money will always be properly accounted for, and there will be no disparity between the amount collected, and the amount reported back to you. Law firms follow a legal approach to debt recovery . We do not expose our clients to potential liability of questionable recovery means such as intimidation, harassment, property damage etc. We use the full range of the Singapore legal system to legally attempt recovery of the debt. You can easily terminate the services of a law firm should you wish to do so. The same may not always be the case with other services. Our fees are transparent and affordable . We'll let you know the fees involved and leave you to decide on whether to proceed or not. For a more detailed article on this topic, go here: why use a law firm to recover a debt .

Get your money back the legal way

IRB Law offers an affordable, professional, and legal method of debt recovery in Singapore. We provide services and advice on debt recovery to individuals and business of all sizes.

The process of debt recovery is unique to each situation and our lawyers will be able to advise you on the appropriate steps as part of your initial consultation. Our goal throughout any engagement is to help you recover the debt. This ideally means we recover early, and without going to court.

If you’re looking to recover a debt from an individual or company, we can help.

Frequently Asked Questions

Do you handle personal and corporate debt recovery?

What are the likely fees involved?

What is a letter of demand?

Why even use a law firm to recover debts?

Typical Debt Recovery Steps

The process of debt recovery is unique to each situation and our lawyers will be able to advise you on the appropriate steps as part of your initial consultation. Our goal throughout any engagement is utlimately to help you recover the debt. This ideally means we recover early, and without going to court. Below are the typical steps of escalation that occur in debt recovery cases.

Initial Consultation

The first step is to gain a full understanding of your current situation so we can advise on the appropriate next steps.

Perform Due Dilligence

At this stage we review the debtor in detail, primarily we want to understand if they have the financial capability to pay back any debt.

Issue Letter of Demand

This formal document is designed to warn the debtor of potential legal action if the debt is not paid back. It can be later used in court.

Await Response & Negotiation

We await a response from the debtor after their receipt of the letter of demand. We will support in negotiation between parties where required.

Filing Court Papers

If the letter of demand proves unsuccessful we can then file a claim with the appropriate court. The amount and type of claim will depend on the route taken.

Enforcement of Court Decision

Post any successful court decision, it’s possible the debtor may still not pay up. We will advise on the appropriate next steps to enforce the collection of the debt.

Start the Process

Our Dedicated Debt Recovery Team

Mohamed Baiross

Founding Partner

Baiross is the managing partner of IRB Law LLP. He is an experienced lawyer with an excellent reputation across a broad selection of practice areas including divorce, insolvency, crime, probate, syariah, and civil litigation.

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Muntaz Binte Zainuddin

Partner

Muntaz is a partner in I.R.B. Law and oversees the work of associates as well as manages the firm with the Managing Partner. She holds two degrees from the National University of Singapore.

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Ashwin Ganapathy

Partner

Ashwin has a keen passion in criminal defence and contested matrimonial matters. He has gained a reputation for fearlessly fighting for the defence of accused persons in all types of criminal offences.

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Kulvinder Kaur

Partner

Kulvinder’s practice focuses on civil and commercial litigation, and matrimonial affairs. She has successfully obtained sole custody and highly favorable access arrangements for her clients (both mothers and fathers).

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Cherie Tan

Partner

Cherie’s primary focus is on matrimonial matters where her empathy, sensitivity and patience has won her many cases involving divorce, maintenance and custody. She speaks English, Mandarin and Hokkien.

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Mohammed Shakirin

Partner

Mohammed Shakirin graduated from the highly selective Graduate LLB program at the National University of Singapore with a Bachelor of Laws (Hons). He covers a wide range of legal areas for his clients.

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