{"id":1176,"date":"2023-09-22T22:48:51","date_gmt":"2023-09-22T19:48:51","guid":{"rendered":"https:\/\/ensari.av.tr\/en\/?p=1176"},"modified":"2023-09-22T22:48:52","modified_gmt":"2023-09-22T19:48:52","slug":"execution-and-bankruptcy-law","status":"publish","type":"post","link":"https:\/\/ensari.av.tr\/en\/execution-and-bankruptcy-law\/","title":{"rendered":"Execution and Bankruptcy Law"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Execution Enforcement in Turkey<\/h2>\n\n\n\n<p>Execution enforcement refers to the process of ensuring that the creditor&#8217;s debt is collected<br>through the use of public force through Execution Directorates in case of non-payment of a<br>due debt. Execution enforcement is considered in two different types depending on the basis of the<br>enforcement;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Enforcement Without a Decree<\/h2>\n\n\n\n<p>Enforcement without a decree is the type of enforcement initiated for the collection of<br>monetary and security claims. In this type of enforcement, it is not necessary for the creditor<br>to have a document proving the debt. If the debt is based on a court decision or a document<br>with the nature of a decree, the enforcement with a decree should be resorted to instead of this<br>type of enforcement.<\/p>\n\n\n\n<p><br>Enforcement without a decree should be filed at the Execution Directorate in the debtor&#8217;s<br>place of residence, except for exceptions. Enforcement without a decree begins with a file prepared by the Execution Directorate upon the creditor&#8217;s enforcement request. The Execution Directorate prepares a payment order regarding the debt and serves it to the debtor.<\/p>\n\n\n\n<p><br>In enforcement without a decree, the debtor has 7 days to object. If no objection is made<br>within 7 days in accordance with the procedure, the enforcement becomes final. This period is<br>5 days in enforcement based on negotiable instruments (check, promissory note, bill of<br>exchange). After the enforcement becomes final, the creditor has the right to seize the debtor&#8217;s<br>assets and convert them into cash through the Execution Directorate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Execution Enforcement in Turkey<\/strong><\/h2>\n\n\n\n<p>The person who appears as the debtor in an execution proceeding can stop the execution by<br>objecting within the specified period. In this case, the creditor must either file a lawsuit to<br>cancel the objection or request the removal of the objection, depending on the basis of the<br>execution. Lawsuit for Cancellation of Objection If the debtor objects to the execution within<br>the legal period, and the creditor wants to continue the execution, they must file a lawsuit to<br>cancel the objection in the competent court. The creditor can file a lawsuit for the cancellation<br>of objection within 1 year from the debtor&#8217;s objection to the execution. <\/p>\n\n\n\n<p>The period to file a lawsuit starts from the notification of the debtor&#8217;s objection letter to the creditor. If the lawsuit results in favor of the creditor, the execution proceeds from where it left off. In this case, the<br>court&#8217;s decision does not need to be finalized. If requested in the lawsuit petition, the creditor<br>is entitled to an execution-denial compensation, not less than 20 percent in their favor.<br>Removal of Objection The removal of objection, unlike the lawsuit for cancellation of<br>objection, is a procedure specific to the Execution and Bankruptcy Law, and does not have the<br>nature of a lawsuit. It provides the opportunity to continue the execution without the need to<br>prove the debt, in the presence of certain documents in the creditor&#8217;s possession. It is divided<br>into two categories: the definite removal of objection and the temporary removal of objection.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Definite Removal of Objection<\/h2>\n\n\n\n<p>The definite removal of objection is applicable when the debtor objects to the execution. The<br>request for the definite removal of objection can be made within 6 months from the<\/p>\n\n\n\n<p>notification of the objection to the creditor. This option can be used if the creditor has the<br>documents listed in Article 68-b of the Execution and Bankruptcy Law.<br>The documents that the creditor must have to use this option are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A valid promissory note accepting a monetary debt and with an accepted signature,<\/li>\n\n\n\n<li>Receipts, invoices, or documents issued by official authorities in accordance with the<br>procedures,<\/li>\n\n\n\n<li>Promissory notes with an accepted signature or notarized by a notary,<\/li>\n\n\n\n<li>Credit agreements and unchallenged account statements related to them,<\/li>\n\n\n\n<li>Documents or receipts issued by the lenders in accordance with the procedures.<br>After examining the request for the definite removal of objection, the court will decide to<br>continue the execution and to definitively remove the objection if it finds the creditor<br>justified. If the request is rejected by the court, the execution proceedings will not continue,<br>and the creditor will be deprived of the right to carry out an enforcement proceeding without a<br>court order for the same debt.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Temporary Removal of Objection<\/h2>\n\n\n\n<p>In order for the creditor to use this option after the objection to the execution, the document in<br>question must be an ordinary promissory note, it must unconditionally accept a monetary<br>debt, and the debtor must deny the signature on the document.<br>The request for the temporary removal of objection can be made within 6 months from the<br>notification of the document stating the debtor&#8217;s objection to the creditor.<br>If a decision is made to temporarily remove the objection, the creditor can request temporary<br>attachment instead of continuing the execution.<br>Within 7 days from the notification of the decision regarding the temporary removal of<br>objection, the debtor can file a lawsuit to be released from the debt. If the debtor does not file<br>this lawsuit within the 7-day legal period, the temporary removal of objection will turn into a<br>definite removal of objection. In this case, the creditor can request the continuation of the<br>execution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Execution Enforcement in Turkey Execution enforcement refers to the process of ensuring that the creditor&#8217;s debt is collectedthrough the use of public force through Execution Directorates in case of non-payment of adue debt. Execution enforcement is considered in two different types depending on the basis of theenforcement; Enforcement Without a Decree Enforcement without a decree [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[56,57,58],"class_list":["post-1176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turkey-law","tag-enforcement-without-a-decree","tag-execution-and-bankruptcy-law","tag-execution-enforcement-in-turkey"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Execution and Bankruptcy Law - Lawyer Orhan Oguzhan Ensari Law Office<\/title>\n<meta name=\"description\" content=\"Execution and Bankruptcy Law, Execution Enforcement in Turkey: A Comprehensive Guide\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ensari.av.tr\/en\/execution-and-bankruptcy-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Execution and Bankruptcy Law - 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