Business & Commerce:

Question: What should I do in Ontario when someone owes me money and the invoice or loan is overdue?

Answer: If you are owed money in Ontario and your invoices, overdue loans, or unpaid accounts are being ignored, the first step is often direct negotiation to seek an amicable payment plan;   if that fails, a paralegal can draft a formal demand letter that clearly sets out the amount owing and warns of potential next steps, which can encourage payment without costly litigation;   where appropriate, they may also help you assess related issues like charging interest terms, delayed payment penalties, credit bureau reporting, and whether limitation periods may be an obstacle (for example, the relevant limitation framework under Limitations Act, 2002, S.O. 2002, c. 24);   for help reviewing your options and next steps, contact Pollock Paralegal at (519) 694-0363.

Outstanding Debts, Overdue Loans, Unpaid Accounts, etc.

When you are owed money, whether you are a individual person or a business, there are several legal avenues that you may explore to recover the funds due. Initially, direct negotiation is often the preferred method as such offers a chance for an amicable resolution without legal involvement; however, if this approach fails to yield the desired results, it may become necessary to engage the services of a legal professional. An experienced legal professional can assist in drafting and sending formal letters warning of pending litigation which serve as a stern reminder of financial obligations and imminent legal action.

With some matters, Pollock Paralegal will work alongside a collection agency licensed in accordance to the Collection and Debt Settlement Act, R.S.O. 1990, c. C.14, among others skilled in the collection of debts including investigators, skip tracers, bailiffs, etc.