Voidability of the debtor’s dispositions and action for rescission in Turkish law

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 dispositions of the debtor, which are made before the attachment or bankruptcy in order to hide assets, there is a right of action for the creditors, called an “action for rescission” (Articles 277-284).