The Turkish Enforcement and Bankruptcy Law governs debt collection, foreclosure, corporate insolvency, and restructuring. If you're a debtor, creditor, or foreign investor in Turkey, it's essential to work with an experienced Turkish bankruptcy lawyer.
At ER&GUN&ER Law Firm, our team assists clients with all stages of enforcement—from initiating debt collection to corporate liquidation. We also represent foreign creditors and companies in cross-border enforcement and bankruptcy proceedings in Turkey.
Objectives of Turkish Enforcement and Bankruptcy Law
This law provides the legal framework to resolve financial disputes between creditors and debtors. It ensures fairness, timely payment, and transparency in insolvency cases.
Debt Collection Procedures
Debt collection can involve court proceedings, asset seizure, or direct negotiation. We assist clients with enforcing judgments, filing debt claims, and navigating Turkish procedural law.
Bankruptcy Procedures in Turkey
When a company becomes insolvent, bankruptcy procedures may be initiated either voluntarily or by a creditor. We guide clients through legal documentation, court applications, and asset liquidation strategies.
Corporate Restructuring & Reorganization
To avoid bankruptcy, restructuring may involve refinancing, debt rescheduling, or mergers. We develop legal roadmaps for corporate rehabilitation aligned with Turkish commercial law.
Penalties Under Turkish Bankruptcy Law
- Debtors who ignore enforcement orders may face fines, seizure, or imprisonment.
- Creditors who abuse legal rights or engage in unlawful debt collection face sanctions.
Foreign Creditors and International Enforcement
We represent international clients in debt recovery actions and recognition/enforcement of foreign judgments under bilateral agreements and the New York Convention.
Legal Assistance & Dispute Resolution
Whether you’re restructuring, collecting a debt, or initiating enforcement, we provide full legal support for:
- Judicial enforcement and seizure
- Debt litigation and defense
- Cross-border insolvency
- Creditor protection and negotiation
