Execution and Bankruptcy Law

Execution Law is the branch of law that deals with the enforcement of the debt of a debtor who fails to pay, by seizing their movable and immovable assets through state force upon the request of the creditor.

A creditor who cannot collect their receivable can choose between two different execution paths: enforcement with a court decision (ilamlı takip) or without a court decision (ilamsız takip). In the enforcement with a court decision, a court decision is obtained first, and a specific enforcement process is followed accordingly. In the enforcement without a court decision, the creditor directly applies to the competent enforcement office without holding any court decision and obtains a payment order for the debtor who has not paid their debt.
Bankruptcy Law, on the other hand, is a branch of law that deals with the inability of a trader or a debtor with trader status to pay their debt. Bankruptcy is divided into direct bankruptcy and bankruptcy with follow-up. In direct bankruptcy, creditors or the debtor directly request the bankruptcy of the debtor company from the commercial court. In bankruptcy with follow-up, the creditor sends a payment order to the debtor, and upon the finalization of the payment order, they request the bankruptcy of the debtor from the commercial court.

Does Objection to Debt Alone Stop Execution Proceedings?
What is a Grace Certificate? How to Obtain It?
What is Postponement Execution Order and how to obtain it?
What is Default Interest and when does it start?

Services Provided in Execution and Bankruptcy Law: