Precautionary Attachment Procedure

It is needed that such temporary legal protection measures are provided to ensure that creditors receive their claims due to the long duration of litigation and enforcement proceedings and the possibility that the debtors may act in bad faith and endanger the purpose of the lawsuit or proceeding in question and thus the creditor's ability to obtain its claims through these proceedings. Hereby, one of these protection measures is the precautionary attachment procedure regulated by Enforcement and Bankruptcy Law No.2004.

1. Precautionary Attachment Procedure

It is essential that the debtors pay their debts with consent. However, it can be possible that the debtors avoid paying their debts duly and completely, evade their property or transfer it to third parties in order to render the lawsuit or proceedings initiated against them inconclusive and dysfunctional. In such cases, creditors seek the remedies granted to them in the legal order in order to obtain their