Enforcement and Bankruptcy Law

  • Home
  • Enforcement and Bankruptcy Law
Enforcement and Bankruptcy Law

Enforcement and Bankruptcy Law

Enforcement and Bankruptcy Law

Read More
Enforcement and Bankruptcy Law

Enforcement and Bankruptcy Law

  • Home
  • Enforcement and Bankruptcy Law

Enforcement and Bankruptcy Law is a legal system that protects the rights of creditors who cannot get their receivables back on time.It ensures that debts are collected through the force of law. This is the debtor's property and the repayment of the property under certain conditions.How to deal with this situation is clearly stated in the laws.It includes what will happen if the debtor does not pay her debt on time and what sanctions will be applied.At the same time, the rights of creditors are also expressed in this legal form.It also explains how the enforcement procedure is carried out and how the procedure works.

All transactions and policies regarding the collection of receivables in Turkey are subject to enforcement and bankruptcy laws, and enforcement courts take charge in this regard.There are various debt collection methods in enforcement and bankruptcy law.This can be done through foreclosure proceedings or, if the circumstances are compliant, through bankruptcy.How the debtor's property and immovable can be seized legally, whether the transaction can be initiated, how the debtor will pay her debt in case of a lawsuit, and how the creditor will receive her debt otherwise, are included in its provisions.How the confiscated property will be converted into money has been determined by the Enforcement and Bankruptcy Laws.The follow-up of creditor files affects the flow and speed of conclusion of enforcement and bankruptcy cases.In order for the creditors to get the healthiest results, they should know exactly what the enforcement and bankruptcy laws are, what their rights are, and they should get help from a lawyer working in the subject area.

Shape