FREQUENTLY ASKED QUESTIONS ABOUT ENFORCEMENT PROCEEDINGS

What is Enforcement Proceeding Based on a Court Order?

You can be a party to an enforcement lawsuit as both an individual and a company. Enforcement proceedings, which arise when existing debts are not paid and the creditor initiates legal action, are a process managed by the Enforcement Directorate. There are many types of enforcement proceedings. The first of these refers to the creditor receiving their receivables through the state. In total, there are two types of enforcement proceedings within the scope of Enforcement and Bankruptcy Law. In non-adjudicated enforcement, which is one of the types of enforcement called adjudicated and non-adjudicated enforcement, there is no need to apply to the court. Enforcement can be requested directly through the Enforcement Directorate. It is necessary to apply to the Enforcement Court for adjudicated enforcement proceedings. You can get support from law firms such as "[Law Firm Name Placeholder]" to legally follow these processes.

Currency Rate Used in Enforcement Proceedings

With the professional support you will receive for enforcement proceedings, you can ensure that the process is completed flawlessly. Information such as the signature of the creditor or their representative, the chosen method of enforcement, the reason for the debt or the promissory note, the interest on the receivable amount and the date from which the said interest starts to accrue are quite important. In addition to these, the amount of receivable, the identity and address information of the debtor, and the identity and address information of the creditor are among the important factors for enforcement proceedings. In enforcement proceedings, the creditor must demand their receivable in Turkish Lira. If the requested amount is not in TL, the Enforcement Directorate does not send a payment order. If the payment order is issued in foreign currency, even if the payment order becomes final, the debtor has the right to pay in TL on the due date by lodging a complaint. Knowing these and similar details allows for the elimination of future problems. Whether you are a debtor or a creditor, it doesn't matter. If you want the enforcement process to be completed easily, you must get legal support.