Execution And Bankruptcy Proceedings In Turkey

Creditors may collect their receivables from debtors, who have not paid their debts, through enforcement proceedings. There are two main enforcement methods in Turkey: (i) execution proceedings and (ii) bankruptcy proceedings. In this article, we will provide a general overview of these enforcement methods.

A. EXECUTION PROCEEDINGS

There are three types of execution proceedings in Turkey for collection of debts: (i) Proceedings without judgment; (ii) proceedings with judgment; and (iii) foreclosure proceedings. These proceedings are governed by the Enforcement and Bankruptcy Law (the "EBL"). All execution proceedings are carried out by execution offices.

1. Proceeding Without Judgement