Şahin | Doğan Law, provides services in the field of Enforcement and Bankruptcy Law, which is a legal branch that aims to enable the creditor, represented by its attorney, to collect its receivables through legal means in case the debtor fails to fulfill its payment obligations. The operations carried out in this field are mainly divided into enforcement proceedings and bankruptcy proceedings.
Enforcement proceedings involve the seizure of the debtor’s assets for the collection of the receivable. This process is carried out by the enforcement office and followed through the enforcement file. If the amount obtained from the debtor’s assets is insufficient to cover the receivable, the creditor may need to resort to other legal means to collect the debt.
Bankruptcy proceedings, on the other hand, are applied when the seizure of the debtor’s assets is not sufficient. Bankruptcy proceedings liquidate the debtor’s entire assets and enable the creditors to share their claims. Bankruptcy proceedings are generally applied to debtor companies, and in such cases, the company may need to be liquidated.
In Turkey, Enforcement and Bankruptcy Law is regulated by various legal regulations, primarily the Enforcement and Bankruptcy Law. The primary purpose of the Enforcement and Bankruptcy Law is to protect the rights of creditors while also safeguarding the rights of debtors and ensuring fair proceedings. Therefore, enforcement and bankruptcy operations should be conducted in compliance with legal regulations.
Attorneys practicing in the field of Enforcement and Bankruptcy Law carry out operations such as enforcement proceedings and bankruptcy proceedings to protect the rights of creditors and ensure the collection of receivables. They also strive to protect the rights of debtors and ensure fair proceedings in the legal processes.
