Turkish debt collection laws are giving priority to the creditor who acts most quickly
A creditor can start a litigation procedure by filing a debt claim using a local Court attorney. He can as well initiate executive enforcement proceedings using an execution offices, close to debtor's domicile.Learn More
It is possible to demand the bankruptcy of a Turkish company by confirming his debtor status and by showing its passive assets are greater than its active assets.Learn More
Promissory note or check, written contract can be used as a guarantee for your receivables. Turkish laws are protecting the rights of the creditors, enough to ensure the collection of your unpaid accounts.
We provide a comprehensive debt recovery service in Turkey.
At every stage, our goal is to recover all debts owed to you.
possible corporate activity issues among creditors debtor company. Turkish law protects both creditor and debtor against unfair, aggressive or illegal practices to de done by creditor, collection agency or debtor himself
is an individualised procedure based in mutual dealings between debtors and creditors. Bankruptcy law supersedes the debt collection process.
Creditors' Rights and Collection Options using an Attorney in Turkey
enforcement proceedings is a method of enforcement. It is called in Turkish "genel haciz yoluya takip" . Haciz meaning Bailiff.
immovable properties enforcement or real estate belonging to the debtor.
Arbiration in debt collection matters may help both creditor and debtor to avoid legal actions.
bonds or other credit note alike documents, which are very used in Turkey between companies, an exact translation would be "kambiyo senedine özgü takip yolu".
This is the first step of the procedure where the creditor submits to the same office of the debtor domicile the claim.
execution a Court Judgment. Any dispute the debtor may claim within 7 days after the receipt of summons will be disregarded by the court in a summary proceeding.
Using the Turkish Code of Obligations, Commerce or Bankruptcy Law regulations, the debt collection agency or its lawyers can choose to go for an amicable solution or a Court procedure against any debtor located in Turkey.
In November, economic conditions in the Turkish industry did continue to degrade, although at a smoother rhythm than the previous month: from 49.0 in October, the Istanbul Chamber of Industry Purchasing Managers ' Index (PMI) increased to 49.5.
The government has published a new 2020-2022 economic agenda with aggressive growth goals in the midst of rising geopolitical tensions. While geopolitical tensions eased mostly at the end of October, questions remain about the economic prospects of Turkey and the high growth ambitions of the state.