Akkas & Associates Turkish bankruptcy law attorneys are prepared to handle bankruptcy & debt recovery cases in Istanbul, Turkey. Our enforcement lawyers carry out the preparation and follow-up of enforcement proceedings, foreclosure transactions, collection of bad cheques, cancellation of savings, opening, and follow-up of negative determination and restitution cases filed before Istanbul Execution Offices.
Our Turkish bankruptcy law lawyers provide advocacy, mediation, and consultancy services to our individual and corporate clients in the preparation and follow-up of debt and follow-up objection proceedings, bankruptcy and postponement of bankruptcy cases, and filing and follow-up cases of abuse of trust, cancellation, or removal of objection.
Our Turkish enforcement lawyers provide legal support to our clients in order to provide the most effective results, within the framework of their experience and knowledge in enforcement law and enforcement cases since 1992.
Turkish Bankruptcy Law & Debt Recovery Proceedings
Provisions regarding the Enforcement and Turkish Bankruptcy Law are contained in the Execution and Bankruptcy Law No. 2004. In this law, various prosecutions regarding execution and bankruptcy, their periods and the procedures to be operated are regulated separately.
Types of Proceedings in Enforcement Law
The type of follow-up to be applied by the creditor for the collection of debt in Turkish Bankruptcy Law varies according to the type and nature of the document held by the creditor. Accordingly, different procedures have been established for different legal situations, and different procedures and deadlines have been envisaged for each of them.
We can list the general prosecuting ways that the creditor who cannot obtain his receivable can apply as prosecuted with and without a verdict.
Enforcement proceedings without judgment: The way of proceeding applied by the creditor who does not have documents such as bills of exchange (bonds, bills, checks) or writs (decision given by the court) to obtain his receivable is called execution proceeding without a verdict.
The subject of enforcement proceedings without judgment is money and security. Therefore, it is not possible to proceed without a verdict for non-monetary receivables such as the delivery of children, delivery of movables, evacuation, and delivery of immovables.
With this procedure, proceedings are initiated against the debtor by applying to the enforcement office without taking a decision from the court. After the follow-up is started, the payment order is sent to the debtor and the debtor is notified to pay or object within 7 days.
If no objection is made and payment is not made within 7 days, the follow-up becomes final. With the finalization of the follow-up, other stages in the enforcement law (inquiry, foreclosure, sale…) become operable.
Services of our Turkish Bankruptcy Law Attorneys
- Preparation and follow-up of all kinds of execution proceedings
- Foreclosure transactions
- Opening and tracking bad check cases
- Bankruptcy law proceedings
- Preparation and follow-up of bankruptcy postponement cases
- Preparation and follow-up of negative clearance and restitution cases
- Filing cases of abuse of trust
- Objection to debt and follow-up proceedings
- Preparation and follow-up of cases for annulment of objection
Reach us for Turkish Bankruptcy Law
Akkas & Associates bankruptcy law attorneys are at the service of our clients in the areas of debt collection, lien, sales, and debt follow-up. Our Turkish enforcement lawyers carry out the preparation and follow-up of enforcement proceedings, foreclosure transactions, collection of bad cheques, cancellation of savings, opening, and follow-up of negative determination and restitution cases.
You may reach our Turkish Bankruptcy Law attorneys through our Contact page.