A formal notice is a debtor’s last chance to make reparation for his or her fault. A creditor’s failure to deliver formal notice to a debtor may have serious consequences, including the dismissal of a claim.  In addition to the general principles governing the admissibility of a legal action, the co-ownership syndicate is required to fulfill certain specific obligations, such as the prior submission of a claim to the insurer, before commencing legal action against one of its co-owners.     Read the article…………………………..