Debt Enforcement Lawyer in Antalya
Enforcement proceedings, negotiable instruments and attachment.
Enforcement and bankruptcy law governs the collection of debts through state authority and the procedures that apply where a debtor is unable to pay. The Enforcement and Bankruptcy Law no. 2004 forms the basis of this field.
Enforcement Proceedings in Turkey
Enforcement proceedings fall into two main categories: those based on a court judgment and those based on a document or on no document at all. Special accelerated procedures exist for negotiable instruments such as cheques and promissory notes.
Where the debtor lodges an objection, the proceedings are stayed and the creditor must apply to the court to have the objection set aside or annulled. Both applications are subject to strict time limits.
Bankruptcy law governs the liquidation of a merchant's assets and their proportional distribution among creditors. Composition with creditors and the opening of bankruptcy are the principal procedures.
What an Enforcement Lawyer Handles
Enforcement Proceedings
Commencement and conduct of proceedings based on notes, invoices, contracts or judgments.
Provisional Attachment
Attachment of the debtor's assets and accounts in order to secure the claim.
Cheque and Promissory Note Collection
Collection through the accelerated procedure and objections concerning signature.
Actions to Annul an Objection
Continuation through the courts of proceedings stayed by an unfounded objection.
Objections to Debt and Attachment
Defence of debtors against proceedings brought without a proper basis.
In Summary
In enforcement matters a missed statutory period may result in the loss of a claim that cannot be restored. Acting promptly on receipt of a payment order is therefore important for both creditors and debtors.