In Turkey, Execution and Bankruptcy Law constitute an important legal field for the collection of debts and the enforcement of claims. Law No. 2004 regulates the rules and procedures related to Execution and Bankruptcy Law.

Key Regulations Related to Execution and Bankruptcy Law:

Negotiations with the Debtor: It is important to initiate negotiations with the debtor first for the collection of claims. If negotiations with the debtor fail to reach a positive outcome, execution proceedings can be initiated.

Conducting Negotiations for Settlement: Legal counsel can provide assistance by managing settlement negotiations with creditors on behalf of debtor clients and facilitating agreements between the parties.

Initiation of Execution Proceedings: If the debt cannot be collected or an agreement cannot be reached with the debtor, execution proceedings can be initiated at the competent execution office. These proceedings aim to forcibly collect the debts.

Conversion of Mortgages into Cash: Execution proceedings can be initiated by converting the mortgages in the assets of debtor clients into cash.

Attachment Orders, Both With and Without Judgment: Execution proceedings can be initiated through attachment orders, either with or without a judgment, for the collection of claims. This allows for the seizure of the debtor’s entire assets.

Enforcement Proceedings Based on Negotiable Instruments: Execution proceedings can be initiated based on negotiable instruments such as checks, promissory notes, and bills of exchange.

Asset Inquiries, Seizures, and Sales: During execution proceedings, the assets of debtor clients are examined, necessary seizure actions are taken, and assets can be sold.

Precautionary Measures and Precautionary Attachments: Precautionary measures and precautionary attachments can be initiated to prevent debtors from concealing their assets.

Annulment Lawsuits: Lawsuits can be filed to annul past asset transfers made by debtors.

Claims of Right, Negative Declaration Lawsuits, Restitution Lawsuits: Claims of right, negative declaration, and restitution lawsuits can be filed against debtors who oppose execution proceedings.

Cancellation of Objections and Objection Removal Lawsuits: Lawsuits can be filed to cancel objections made by debtors in execution proceedings or to remove objections.

Execution Offense Cases: Criminal cases can be opened for offenses related to violations of execution and bankruptcy laws.

Unpaid Check Cases: Lawsuits can be filed against individuals who issue dishonored checks.

Concordat Agreements: The preparation and execution of concordat agreements can be facilitated to assist debtors in overcoming financial difficulties.

Bankruptcy Cases: Legal counsel can be provided for filing bankruptcy petitions and managing bankruptcy cases for debtors.

As Zirve Legal Law Office, we assist our clients in the field of Execution and Bankruptcy Law, helping them in the processes of collecting their claims and managing their debts.