1. Steps of opening a file
The first step involves obtaining a new accordion folder. The next step involves typing the clients name on the folder. The next step will include adding a manila folder on the accordion file and inserting the retainer cheque and any notes from the lawyer. The client's contact and any corresponding material should also be put on the folder.
2. Amount due
Principle 35,400-7,500 = 27,900
Interest 27,900*8/100 = 2,232
Balance as of October 30th, 27,900+2,232 = 30,132
Balance as of November 30th 30,132*108/100 = 32,543
Balance as of December 30th, 32,543*108/100 = 35,145
Balance as of October 30th 35,145*108/100 = 37,958
3. Demand letter
Dave's Hardware
Max Power law firm
32 Cannery laneI space, uy, L7NK 3U4
879-876-786
February 1 2018
Theodore Andrews,
73 Elmwood Drive
Calgary, Alberta
Spring water, 4567
Attention: Theodore Henry
Dear Sir;
Ref: Dave's Hardware.
We are the lawyers of Dave hardware and we have been instructed by our client to collect from you the amount due to him. The amount due is $37,958 inclusive of interest as of 30th January 2018.
In order to avoid further legal action, send a cheque of $37,958 payable to Dave's Hardware by 3rd March 2018. If we would not have received the cheque by then, we will commence legal action against you without further notice.
Kindly note that in addition to your current debt, you will be liable to pay for the legal costs and any extra accrued interest.
Sincerely
Max Power
4. Legal opinion
To
Dave's Hardware
Spring water
0098 Groove drive
Dear Dave
Ref: Legal opinion
As per your instruction, we have drafted and sent a demand letter to Henry Theodor. However, there are a few items that I would like to bring to your attention. Upon close scrutiny, we realized that Theodore has a new car and a new home. However, these properties have been used as collateral. We also came upon a few assets that have not been used as collateral worth $50,000. Our legal opinion is that we will tier the unsecured asset belong to Mr. Henry to repay your debt. In future, I would recommend you get collateral before issuing large amounts of debt.
5. Letter of claim
Relief claim
The dependant should pay the plaintiff the total amount claimed below
Amount claimed + Interest$37,958
Legal fees$5,000
Total$42,958
Pleadings and particulars
On September 13th, 2018 Dave Hardware sold goods worth 22,500
On 17th September 2018, they sold good to Theodore worth $4,500 and $8,400 on 22nd September 2018
On October 29, 2018, Theodore paid $7500
Mr. Theodore agreed to pay an interest of 8% after the end of each month if the debt is not paid.
He also promised to pay by 30th December 2017, or when the house is sold whichever came earlier.
However, on November 5th, 2017, the house was sold but Mr. Theodore did not pay his debt.
The plaintiff demands full payment of his debt, legal fees, and the accrued interest.
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