There is no restriction on the power of a debtor to dispose of his assets before the attachment of his goods or adjudication of his bankruptcy. For this reason, it is prevalent that debtors, who totter on the verge of bankruptcy or face the danger of attachment, make some doubtful dispositions. To avoid these doubtful [...]
Debts arising from legal relations between the parties may not always be a pecuniary debt. For example, debts such as construction of a building, enabling to establish a personal relationship with the child, the guardianship of whom is given to the mother, and father or the return of the jewelry given to the bride and [...]
The creditors recourse to the assets of the debtor when the debtor does not perform his obligation. The elements of the assets of the debtor constitute a sort of guarantee for the creditors. The debtor is liable for his obligation with all of his goods, rights and claims as a rule. However some goods of [...]
Since the cancellation of the savings regulated in the Turkish Execution and Bankruptcy Law is a personal claim case that gives the creditor a foreclosure and sale authority, the transfer and sequestration of this receivable is possible. The condition that the saving subject to the cancellation proceedings developed by the Court of Cassation should be [...]
Does your company have a Turkish customer who is not paying your invoices? The trading culture and regulations in Turkey differ from those you are used to, which often makes debt collection in Turkey complicated. Our Turkish debt recovery lawyers have the means to make your debtor pay. From the moment you hand your debt [...]
Debt Collection Procedure in Turkey Debt Collection Procedure in Turkey: Turkish law provides a framework for creditors to collect what is owed to them. In Turkey, debts are pursued through a Debt Collection Office (Icra Dairesi). There is a Debt Collection Office in Turkey in every judiciary, and they are part of the Turkish legal [...]
Summary Procedures for Debt Collection in Turkey The Code of Civil Execution and Bankruptcy of 1932 provides also a summary procedure for collection of liquidated debts. A liquidated debt is a debt, the amount of which has been determined by the parties or by operation of law. Liquidated debts may be collected through a speedy [...]
Debt Collection in Turkey and The Collection Process Learn about Turkey’s unique debt collection process, its Turkey’s Debt Collection Office system, how to collect a debt owed to you in Turkey and what to do if a Debt Collection Order is filed against you... The Turkish legal system provides a framework for creditors to collect [...]
Debt Recovery In Turkey Prior to initiating legal action As in any other system, the best way to begin the debt collection process is to contact the debtor by phone or by sending a demand letter, or a reminder. If the debtor has not paid his or her debt in time a letter written by [...]
Attachment of Debtor’s Assets in Turkey When it comes to enforcement proceedings, Turkish law distinguishes between non-monetary (e.g., specific performance) and monetary claims (i.e, payment of an amount of money). Enforcement of monetary claims is regulated by the Turkish Debt Collection and Bankruptcy Act. The same holds true for interim measures aiming at securing the [...]
