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ARTICLE · 27 FEBRUARY 2024

What Is Default Of Debtor?

Sakar Law Office
Sakar Law Office
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Default of debtor is one of the main concepts of the Law of Obligation, means that to fail to perform the obligation or to not accept the performance of obligations.

TurkeyLitigation, Mediation & Arbitration

Default of debtor is one of the main concepts of the Law of Obligation, means that to fail to perform the obligation or to not accept the performance of obligations. If the debtor does not perform the obligation, there is default of the debtor; if the creditor does not accept the performance of obligation, there is default of the creditor. In this article, the default of the debtor is examined.

Debtor default means a delay in the performance of a debt that can be performed and is due. It is regulated by the legislator in Article 117 of the Turkish Code of Obligations as follows:

Code of Obligations Article 117: The debtor of a debt that is due and payable shall be in default upon the creditor's notice.

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