What are my legal options for debt recovery?
You have several options for debt recovery, including sending a demand letter, filing a lawsuit, or using a collection agency.
What is a demand letter and how do I write one?
A demand letter is a formal request for payment. It should include the amount owed, a deadline for payment, and the consequences of non-payment.
How long does it usually take to recover a debt through legal means?
The time frame can vary widely, but it typically takes a few months to a year, depending on the complexity of the case.
What are the costs involved in filing a lawsuit for debt recovery?
Costs can include court fees, attorney fees, and any additional expenses related to the case. It's best to consult with a lawyer for specifics.
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