The Debt Collection Law process is initiated when debts cannot be paid. To claim the payable debt, the plaintiff party is one of the methods that a court decision and a request for execution can follow. Another method is to collect the debt without a court decision. With their experience in this field, Istanbul Lawyer Firm lawyers provide consultancy services to Turkish and foreign clients on debt collection in Turkey.
It is possible to take advantage of different legal regulations for debt demand. The Code of Obligations is one of these propositions. At the same time, the bankruptcy law in Turkey regulations also contain legal bases that will be useful to the plaintiff. You must get lawyer support to get a debt collection service in Turkey. Because when you make a claim or behavior that goes beyond the legal avenues, there may be a possibility that the debtor will file a counterclaim.
You can benefit from our consultancy service, which is among our lawyer services, in debt collection in Turkey to provide debt supply in the shortest possible way. The Istanbul Law Firm lawyers will be with you in the debt supply problems you experience in Turkey and will produce solutions. You can make an appointment at our contact addresses.
Lawsuit Proceedings in Turkey Regarding Debt Collection
There are various legal procedures for any debt collection within the borders of Turkey. The procedures and litigation processes required in the field of debt collection in Turkey may be preferred depending on the settlement situations of the parties.
The first document that must be prepared is the document that has been prepared and signed between the parties. When the court selects the litigation path, the creditor must submit the document in question. If the signed document is prepared in a language other than Turkish, it must be translated by a sworn translator.
Legal procedures related to debt collection are usually arranged in such a way as to result in favor of the creditor party. Otherwise, you need a Turkish enforcement lawyer to defend your rights legally. Since the court may also impose a fine for these collection transactions, it is possible to progress the process in a better way with the help of our expert lawyer in the field.
A request document should be prepared if the legal processes are followed by litigation. This document can be prepared with the help of a lawyer. The contract between the debtor and the creditor is submitted to the court in a notarized form. For your debt collection lawyer needs, you can contact our lawyers to deal with your case.
Documents Required to Start Debt Recovery in Turkey
The documents required for debt collection in Turkey may vary depending on the legally preferred process. The first document presented to the court is the agreement between the debtor and the creditor. Proof of claim is also required. In addition to these, invoices, deliveries, if any, and delivery/approval documents related to the products delivered by the creditor are required. Conversations between the debtor and the creditor can also be used as evidence.
Regardless of the plaintiff's nationality, the following documents will serve as supporting evidence when applying for debt collection in Turkey. Therefore, anything that is legally obtained and can be used in court and that has quality evidence regarding your inability to collect your debt may be among the requested documents.
You can contact us if you need help with debt collection in Turkey and litigation processes. You can get legal consultancy services about the documents required during the litigation process, checking the documents bearing the nature of evidence and creating a request document. We help our Turkish and foreign clients to collect debts related to businesses located within the borders of Turkey.
Types of Debt Recovery in Turkey
Various legal methods can be used for debt collection in Turkey. The ways that can be followed after obtaining a lawyer's consultation for debt collection are as follows:
- Distraint
- Enforcement
- Conciliation
If there is to be an agreement between the parties, then a document is prepared for the payment to be requested and the collection takes place. If a compromise cannot be reached, an application may be made to the court for foreclosure or enforcement. Even if the debtor rejects the claims in court, the creditor is given time by the court to verify the claims. A lawyer is required for the court process.
Depending on the outcome of the court, the date is set for the debtor to fulfill the claims to which he is obliged. If these requests are not fulfilled, various criminal sanctions are appropriate. The court process can be completed by the creditor. Therefore, when the court application is not accepted, a re-application may be made or the case process that has started may be interrupted.
Debt Collection for Foreigners in Turkey
Foreign persons need a debt collection petition to collect debts within the borders of Turkey. Among the requested ones, it is also necessary for the creditor and the foreign person to deposit a security deposit in a Turkish bank. Turkish lawyers can only carry out the preparation and delivery of documents.
If the debtor from the parties objects to the debt in question, a new lawsuit may be filed. It is important for foreigners who aim to collect a debt by legal means to learn about their rights in Turkey. It is important to work with a Turkish lawyer, as the presence or absence of an agreement with Turkey, the country of nationality of the foreign creditor, will affect various claims.
Istanbul Lawyer Firm attorneys offer you the legal information you need. Our company provides high-quality legal advice for reconciliation, going to law, or application procedures. At the same time, it allows you to follow up on the case without wearing out economically during the process. You can create an appointment request to provide the necessary attorney service regarding the debt collection procedure in Turkey and collect your debts comfortably.
You can read our previous article at /blog/types-of-companies-in-turkey