Place your file for debt collection in Turkey before 17:00 and we will upload it into our debt collection software the same day. The debtor will receive our email and text message, our Turkish Account Manager will call him as well promptly.
Receive weekly news about the financial and receivable management in Turkey. Beside this country our international debt collection agency group provides cross-border recovery solutions for various known brands and small businesses.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Place Your Accounts To Collect In Turkey, Earlier is Best.
Judgment Enforcement in Turkey
We help foreign companies with their judgements enforcement in Turkey. Choose our strong local presence to recover your unpaid accounts. Our Turkish Lawyers can provide you a free quote and guarantee your outstanding invoice in Turkey is paid quickly. Read More about this topic
A well written Debt Collection Letter can often be the key to recovering a bad debt in Turkey, bringing the situation to the attention of the debtor before the need for Legal Proceedings or doorstep collections in Turkey.
Debt Collection Ankara
The capital of Turkey & country's second largest city, after Istanbul, with a population of over 5.4 million people. If you need a debt collection lawyer in Ankara or Turkish Debt Collectors in Ankara, you can use our in-house local team for the quick collection of your unpaid accounts.
International city and known tourism hub, Antaly is the gateway to Turkey's southern Mediterranean region. Eighth-most populous city, its economical trends are in mostly tourism, agriculture and agriculture-based industries, combined as well with expanding domestic and foreign trade volumes. If you need a debt collection lawyer in Antalya or Turkish Debt Collectors in Antalya, you can use our in-house local team for the quick collection of your unpaid accounts.
The third largest city in Turkey with a population of around 4 million and the second biggest port after Istanbul. İzmir area's economy is as follows: 30.5% for industry, 22.9% for trade and related services, 13.5% for transportation and communication and 7.8% for agriculture. Exports corresponded to 6% and its imports 4% of Turkey's foreign trade. The Izmir province as a whole is Turkey's third largest exporter after Istanbul and Bursa, and the fifth largest importer. If you need a debt collection lawyer in Izmir or Turkish Debt Collectors in Izmir, you can use our in-house local team for the quick collection of your unpaid accounts.
Fourth largest city of turkey and the centre of the Turkish automotive industry. The textile and food industries are equally strong, with as well global and local beverage brands, as well as fresh food industries being present in the city's organized industrial zones. If you need a debt collection lawyer in Bursa or Turkish Debt Collectors in Bursa, you can use our in-house local team for the quick collection of your unpaid accounts.
The city is often listed in the first ranks among Turkey's cities that fit the definition of Anatolian Tigers. Five of the city’s top twenty exporters are textile manufacturers and produce world-quality jeans. The $2 billion Turkish denim industry accounts for 6.5% of the world’s production and clothes some 200 million people. If you need a debt collection lawyer in Kayseri or Turkish Debt Collectors in Kayseri, you can use our in-house local team for the quick collection of your unpaid accounts.
We are passionate about providing a strong, comprehensive, and effective Legal Solution for every client, whether it involves a debt collection lawsuit or judgement enforcement in Turkey. If you need legal assistance in debt collection matters contact us today and we will work for you.
A strong local knowledge about the Court System In Turkey can make the difference between a positive judgment or having the case rejected.
In Turkey a lawyer can take the debtor to Court, get a judgment against him and then garnish his wages in a short period of time. Want to collect your debts located in Turkey? Your best option is to hire a Turkish Law Office which specializes in winning debt collection lawsuits in Turkey.
In Turkey, and as many other countries, a judgment is an official decision of a Turkish Court which will try to resolve the dispute between two or more parties regarding a Turkish or international lawsuit.
That judgment will be listed in the official Turkish Court records and will grant to the creditor the legal right to collect on the debt from the debtor in Turkey ( Turkish or foreign citizen ) by placing a judgment lien on his properties, garnishing the debtor's incomes, or to attach the debtor's personal properties.
A judgment lien is a claim against the real estates of the debtor:
That real estate can not be sold until the judgment is satisfied. Attachment is the physical seizure of property owned by the debtor by a law officer, usually a bailiff who usually sells the debtors personal property at public auctions to satisfy the judgment.
A default judgment results from the defendant's failure to appear in Court or from one party's failure to take appropriate procedural steps.
A deficiency judgment is rendered in favor of the creditor for the difference between the amount of the indebtedness and the sum derived from the sale of the debtor's property held in order to repay the debt; probably the most common deficiency judgment results from the repossession of a car.
Specialising in all legal aspects of Turkish Debt Collection
Our native solicitors are all experienced in pursuing debts through Court action. Following a standard procedure of the issue of letters before Court action and judgment and execution, our collection managers will handle all aspects of commercial and private bad debt in Turkey.
Many operate on a no collection / no fee basis but we recommend that you compare and contrast services, terms and conditions and the more important point: the success rate. Cash flow is frequently the factor by which companies stand or fall and with debtors proving less willing or able to pay, there is an increasing need to pass accounts over to a third party Turkish law office.
Direct and Strong Debt Recovery Approach
Our Turkey based debt collection agency is your direct route to recovering bad debt. We will use a number of different techniques and always work to gain an agreement between yourself and the debtor, enabling the latter to meet their obligation. Hiring a local third party to collect monies on your behalf may be a last resort but it can ease cash flow problems for small business and re-introduce liquidity into your finances.
While some substantial changes in regards to the Turkish judiciary structures have been done in recent years, it will still take some time for the law to include more safeguards. In line with these reforms, numerous arrangements have been made to settle disputes by negotiation and arbitration, in parallel to the court of law. In Turkey, if out - of-court mediation is insufficient, and if the debt acknowledgment has been secured, an order for payment can be given through bailiffs, while the creditor may begin court proceedings if there is opposition.
Practices to debt collection issues in Turkey are legislated under the Enforcement and Bankruptcy Law No. 2004, released to the public in the Official Gazette dated June 19, 1932 (the “EBL”). The creditors can recover their debts from the debtors via execution procedures or liquidation, in compliance with the EBL. The qualified Execution Offices have the right to conduct the prosecutions.
In Turkey there are three kinds of execution proceedings:
1- Proceedings without Court Decision in Turkey 2-Proceedings with Court Decision in Turkey 3- Foreclosure Proceedings in Turkey
Proceedings without Court Decision in Turkey
The most frequently used form of execution proceedings in Turkey are proceedings without a Court decision.
After the creditor makes a request for execution to the competent execution office, the execution office shall issue a payment request and deliver it to the place of work or home of the debtor within three days of the request being released.
The order of payment is issued unless the Debtor appeals to the order of payment within seven days of receipt. An appeal instantly halts the execution proceedings and until the challenge is dismissed or annulled, the execution proceeding shall not continue. In the event of an objection from the Debtor, the Creditor may either file a cancelation of the objection lawsuit within six months or terminate the objection lawsuit within one year of the complaint from the debtor.
In the event that the debtor is found to have acted illegally and in bad faith in the appeal, the debtor shall pay a fee of twenty percent of the sum decided by the tribunal.
Proceedings with Court Decision in Turkey
The Creditor must have a final court order to begin Claims with Court's decision.
The hearings with a court decision are very comparable to the proceedings without a court decision, but the execution procedure is not necessarily terminated in the event that the debtor objects to the payment order in due course.
The Debtor shall draft a letter of guarantee obtained by a bank or other security negotiated upon by the creditor to suspend the execution proceeding. The Debtor shall not object to the payment order if the ten-year limitation period has not expired or if the debt has not been paid before the execution order is delivered.
Foreclosure Proceedings in Turkey
In the course of the foreclosure proceedings, the debtor wouldst, along with default interest and legal fees, compensate the amount of the debt within fifteen days of receiving the payment order, or object to the insides of the payment order within seven days after receiving the payment.
The Creditor may demand the Debtor's resources to be sold to the Execution Office. In the case that the selling of the properties is not high enough to cover the demand of the claimant, the execution office shall issue a statement of failure. Another execution procedure may begin with the creditor.
Turkish Debt Collectors
Debt Collection Solicitors Turkey, since 1998 Have a account to collect in Turkey in a specific city? Place your file and we will work on it!