Execution and Bankruptcy Processes

In daily and commercial life, receivable-debt relationships frequently arise, and sometimes, legal remedies are required for the collection of receivables. These legal remedies may differ according to the nature of the debt-credit relationship. In this sense, there are legal disputes that require mediation, legal disputes that need to be resolved through arbitration, legal disputes that need to be resolved through litigation, and legal situations where direct execution and bankruptcy processes can be operated.  

For example, for a debt promised to be paid with bills of exchange, such as checks, bonds, and policies, it would be the best way to initiate direct enforcement/bankruptcy proceedings. However, for example, it is not correct to directly initiate execution/bankruptcy proceedings for labor receivables because in order to prove and technically calculate labor receivables, it is necessary first to conduct a mediation process. If this cannot be agreed upon, a lawsuit must be filed. 

In a dispute arising from a contract, tort, or unjust enrichment, it is also preferable to initiate enforcement/bankruptcy proceedings without resorting to litigation. However, the debtor should not object to the enforcement/bankruptcy proceedings in such a case. In case the debtor objects to the enforcement/bankruptcy proceedings, it is necessary to file a lawsuit for the annulment of the objection or to apply for the removal of the objection if there are conditions. 

In light of the foregoing, it is very important to seek the opinion of an expert lawyer on which dispute should be subject to execution/bankruptcy proceedings and for which other means should be used. Our company meticulously follows the enforcement processes and possible bankruptcy processes of your receivables and debts, with its lawyers specializing in the field of enforcement and bankruptcy law. 

Some Services We Provide in the Field of Execution and Bankruptcy Proceedings: 

• Execution proceedings with/without judgment for the collection of receivables and the opening and follow-up of possible cancellation of objection, 
• Initiation of enforcement proceedings for the collection of bills of exchange (bonds-policies-checks), 
• Bankruptcy proceedings for the collection of receivables and the opening and follow-up of possible lawsuits, 
• Pledge, mortgage, and collateral transactions, 
• Objecting to the payment order, filing a negative declaration lawsuit, and conducting other possible litigation processes, 
• Bankruptcy suspension, 
• Managing concordat processes, 
• Debt settlement negotiations and preparation of settlement agreements, 
• Settlement and debt follow-up.