Enforcement and Bankruptcy Law

Execution and Bankruptcy Law is the branch of law that regulates the legal remedies that the creditor can apply to collect its receivables due to the debtor’s unpaid debts. This field plays a fundamental role in solving legal problems that may arise in both individual and commercial debt relations. Execution and bankruptcy law, while protecting the rights of the creditor, also protects the rights of the debtor and tries to ensure this balance. Execution and bankruptcy processes include legal regulations that come into play in case the debtor fails to fulfil its financial obligations, and this process can be quite complex and technical.

Execution proceedings cover the legal remedies that creditors apply to collect their receivables from the debtor. Bankruptcy, on the other hand, is a process that comes into play in cases where the debtor falls into insolvency with all its assets. It is of great importance for both creditors and debtors to act correctly and on time in each step of the enforcement and bankruptcy law. Therefore, in order for creditors to collect their receivables and debtors to defend their legal rights, they should receive professional support from an expert lawyer.

The main topics covered under the Execution and Bankruptcy Law:

1. Enforcement Proceedings: – It is a legal process applied by creditors in order to collect their receivables from the debtor. Execution proceedings include the issuance of payment orders, seizure procedures and other legal proceedings to be initiated in favour of the creditor.
2. Bankruptcy Application and Bankruptcy Procedures: – It is a process in which creditors can apply for bankruptcy if the debtor has difficulty in payment with all its assets. After the bankruptcy decision is made, the assets of the debtor are liquidated and the receivables are covered from these assets.
3. Concordat: – It is a process in which a debtor person or company can apply to postpone or restructure some of its debts by making an agreement with creditors in case of financial distress.
4. Seizure Procedures: – As part of the enforcement proceedings, the seizure of the debtor’s assets is carried out through seizure proceedings. Seizure can be applied to the immovable or movable property of the debtor.
5. Execution and Bankruptcy Objections and Objection Processes: – Debtors may object to enforcement proceedings. Objections are made to explain the reason for the debtor’s non-payment and legal evaluation is important in this process.
6. Creditor and Debtor Rights: – Both the right of creditors to collect their receivables and the rights of the debtor to be protected are important elements to be taken into account in the enforcement and bankruptcy process.
7. Enforcement and Bankruptcy Disputes: – Legal disputes that may arise between the parties in the enforcement and bankruptcy processes are very important in terms of protecting legal rights and providing solutions.
8. Guarantees and Pledges: – The legal status of pledges and other security instruments given to secure debts has an important place in the process of collecting the receivables of creditors.
9. Bankruptcy Postponement: – It is a procedure that can be applied for debtor companies in order to restructure debts before bankruptcy. The decision to postpone bankruptcy is made in order to enable companies to operate again.
10. Criminal Cases Related to Execution and Bankruptcy Law: – During the execution and bankruptcy proceedings, criminal cases may also be filed in relation to situations such as the debtor’s failure to declare property, property evasion.

As Aykut Law Office, we offer services within the scope of Execution and Bankruptcy Law:

• Enforcement Proceedings and Collection of Receivables: – We ensure the collection of receivables by initiating enforcement proceedings for creditors, receiving payment orders and seizure procedures.
• Bankruptcy Application and Bankruptcy Proceedings: – We manage the debtor’s bankruptcy application, initiate the necessary legal proceedings in the bankruptcy process and ensure that the debtor’s assets are evaluated on behalf of the creditors.
• Concordat and Debt Restructuring: – We file concordat requests for indebted companies and advise our clients on debt restructuring and reconciliation with creditors.
• Foreclosure and Pledge Procedures: – We offer legal solutions for foreclosure proceedings and seizure of immovable or movable property. We also organise pledge and collateral agreements to secure debts.
• Execution and Bankruptcy Objections: – We provide professional legal assistance to debtors in enforcement and bankruptcy objections, evaluate creditors’ objections and defend our clients.
• Bankruptcy Postponement and Restructuring: – By applying for bankruptcy postponement, we help companies restructure their financial situation and provide legal solutions for companies to continue their activities by solving legal problems that may arise in this process.
• Execution and Bankruptcy Law Dispute Resolution: – We offer effective solutions between creditors and debtors in legal disputes arising from execution and bankruptcy processes.
• Legal Counselling for Creditors: – We provide legal counselling services to creditors in the process of collecting their receivables and ensure that they take the most appropriate steps.
• Evasion of Property and Legal Rights: – We fight against illegal transactions such as evasion of property in execution and bankruptcy processes and defend the rights of creditors in the best way.

As Aykut Law Office, with our experienced staff in the field of enforcement and bankruptcy law, we effectively protect the rights of our clients and meticulously manage the legal process related to all kinds of enforcement proceedings. As a professional solution partner for both creditors and debtors, we ensure that legal problems are resolved in the fastest and most effective way.