as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
create a flow chart to describe the process of collecting a debt.
user
[start] --> prepare a demand notice 
prepare a demand notice --> send demand notice 
send demand notice --> wait for reply 
wait for reply --> [reply received?] 
reply received? --> send reminder 
reply received? --> contact debt collection agency 
send reminder --> wait for reply
contact debt collection agency --> [end]
assistant