Document background
The 5 Day Demand Notice is a crucial document in the debt recovery process under English and Welsh law. It is typically used when previous attempts to secure payment have failed and before initiating formal legal proceedings. The notice provides the debtor with a final opportunity to settle the outstanding amount while demonstrating the creditor's serious intention to pursue legal action. It must contain specific information including the exact amount owed, payment details, and clear consequences of non-payment. This document is particularly important as it can later serve as evidence that reasonable steps were taken to recover the debt before court proceedings.
