COLLECTIONS DEMAND LETTER
State of Alaska
SECTION A: BUSINESS-TO-BUSINESS (B2B) COLLECTIONS
[LAW FIRM NAME / CREDITOR NAME]
[ADDRESS LINE 1]
[CITY], Alaska [ZIP]
Tel: [TELEPHONE]
Alaska Bar No. [BAR NUMBER]
SENT VIA CERTIFIED MAIL, RETURN RECEIPT REQUESTED
[DATE]
[DEBTOR COMPANY NAME]
[ADDRESS]
[CITY, STATE ZIP]
Re: DEMAND FOR PAYMENT - Account No. [ACCOUNT NUMBER]
Total Amount Due: $[TOTAL]
Days Past Due: [NUMBER]
Dear [RECIPIENT NAME]:
This firm represents [CREDITOR NAME] regarding your outstanding account. This constitutes FINAL DEMAND FOR PAYMENT before litigation.
I. STATEMENT OF ACCOUNT
| Invoice | Date | Amount | Paid | Balance |
|---|---|---|---|---|
| [#] | [DATE] | $[AMT] | $[PAID] | $[BAL] |
| SUBTOTAL PRINCIPAL | $[AMT] | |||
| Interest at 10.5% | $[AMT] | |||
| TOTAL DUE | $[TOTAL] |
II. ALASKA LAW PROVISIONS
Interest Rate: Under AS 45.45.010, the maximum interest rate is 5% over the Federal Reserve discount rate, or the rate agreed in the contract. The statutory prejudgment interest rate under AS 09.30.070 is currently 10.5%.
Statute of Limitations: Actions on contracts must be brought within 3 years (AS 09.10.053).
Attorney Fees: Alaska Rule 82 provides for attorney fee awards to prevailing parties. If we file suit and prevail, you will be liable for a substantial portion of our attorney fees.
III. DEMAND
Pay $[TOTAL] within [15/30] days to:
[PAYEE NAME]
[ADDRESS]
IV. CONSEQUENCES
Failure to pay will result in:
- Lawsuit in Alaska Superior Court
- Judgment plus prejudgment interest at 10.5%
- Attorney fees under Rule 82
- Wage garnishment (25% of disposable earnings under AS 09.38.030)
- Bank account levy
- Property liens
[LAW FIRM NAME]
By: _______________________________
[NAME], Alaska Bar No. [NUMBER]
SECTION B: BUSINESS-TO-CONSUMER (B2C) COLLECTIONS
FDCPA AND ALASKA LAW COMPLIANCE REQUIRED
[DEBT COLLECTOR NAME]
[ADDRESS]
[CITY], Alaska [ZIP]
Tel: [TELEPHONE]
[DATE]
[CONSUMER NAME]
[ADDRESS]
[CITY], Alaska [ZIP]
Account Number: [NUMBER]
NOTICE OF DEBT
THIS COMMUNICATION IS FROM A DEBT COLLECTOR. THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
Amount of debt: $[AMOUNT]
Creditor: [CREDITOR NAME]
Itemization:
| Description | Amount |
|-------------|--------|
| Principal | $[AMOUNT] |
| Interest | $[AMOUNT] |
| Fees | $[AMOUNT] |
| Credits | -$[AMOUNT] |
| Total | $[TOTAL] |
YOUR RIGHTS
Federal Rights (FDCPA):
- Dispute within 30 days for verification
- Request original creditor information within 30 days
- Request we stop contacting you (we may still sue)
Alaska Exemptions: Under AS 09.38, certain property is exempt from execution, including:
- $72,900 homestead exemption
- Necessary household items
- Retirement benefits
- Certain wages
☐ Time-Barred Debt Notice (if applicable):
The statute of limitations on this debt has expired. We will not sue you for this debt.
DISPUTE FORM
☐ I dispute this debt
☐ I request verification
☐ I request original creditor information
☐ Stop contacting me
Signature: _________________ Date: _________
[DEBT COLLECTOR NAME]