The Debt Collection Attorneys at MAYA Law Firm represent companies and individuals in the collection of any outstanding debt owed. The debt in the Turkey/Turkiye has been increasing exponentially for decades and many people and businesses have found themselves in debt to the tune of thousands of dollars/euros/turkihs liras to other parties. This can include commercial receivables, medical debt, unsecured loans, student loans, credit card debt, mortgage defaults, auto loan defaults, over drafted bank accounts, and unpaid attorney fees.
DEBT COLLECTION LAWYER IN TURKEY
DEBT RECOVERY LAWYER IN ISTANBUL
Maya Law Firm executes debt recovery in Istanbul, Ankara, Izmir, Gaziantep and in other cities of Turkey with quickly and with zero error, for debts recovery from Turkish parties or companies by foreign parties or foreign companies with expert lawyers in Istanbul, Turkey. Debt collection in Turkey is only performed by enforcement offices established for the related transactions. Apart from Continental Europe, debt collection in Istanbul is exercised by either the payee himself or attorneys in Turkey. Debt collection may be able to be executed in enforcement offices in Turkey ande debt collection offices in Istanbul for due at law.
Maya Law Firm represents its clients in respect of preparing enforcement procedures, execution proceedings, preparing and revising peaceful agreements, concluding payment agreements, and conducting negotiations by appearing on either payer or payee in these issues during the whole process of debt and enforcement procedures. Maya Law Firm conducts consulting about debt and credit arising from commercial deals between Turkey and other European countries, and provides services about collecting your debts by auction from the debtor companies in Turkey and foreign companies or creating, inspecting and proceeding a way to be agreed by the parties by peaceful means.
Maya Law Firm is an expert to collect the debts of its domestic and foreign clients through enforcement offices, enforcement and commercial courts referring to deed, check, invoice or an independent debt. Also, the law firm in Turkey carries out all the required legal procedures on time, within the foreign court decisions and arbitrations, for acknowledgment or execution of these arbitrations or decisions in Turkey, or commences of enforcement procedures of the related resolutions in Turkey. Also, it can be able to carry out the required procedures quickly, contacting with the partner offices in foreign countries for debt collection of Turkish companies from the companies in foreign countries.
DEBT COLLECTION IN TURKEY
The services provided by Maya Law Firm about debt collection in Turkey have been specified as general headings: Sending debt notification for collecting debt just before commencing execution proceedings, Researching about debtor/taxpayer (bank account information, rating report, financial analysis etc.) Mediating and making an agreement, Communicating with the debtor in his mother tongue, Carrying out legal assessment about your debts/credits, Commencing and carrying through enforcement procedures for debt collection, Filing action for annulment in case of objecting to execution proceedings performed, Conducting the enforcement actions due to debt, Carrying through bankruptcy and bankruptcy process in Istanbul for the debtors, Following-up the litigations filed by the debtors against the creditors, Providing consulting services in Istanbul due to execution proceedings and litigation in Istanbul, Filing objection in Istanbul actions against the debt and enforcement, Withdrawal of appeal, commencing and pursuing of the litigations in Istanbul, Opening enforcement proceedings without judgment (order of payment through courthouse) Commencing the litigation in Turkey period by filing an action in authorized court agains the debtor, Completing execution in Istanbul, Turkey and enforcement procedures in Istanbul, Collection of debt in Istanbul and transfer the money collected to the creditor.
TURKISH EXECUTION AND BANKRUPTCY LAWYER
In Turkey, Execution and Bankruptcy Law constitute an important legal field for the collection of debts and the enforcement of claims. Law No. 2004 regulates the rules and procedures related to Execution and Bankruptcy Law.
Key Regulations Related to Execution and Bankruptcy Law:
Negotiations with the Debtor: It is important to initiate negotiations with the debtor first for the collection of claims. If negotiations with the debtor fail to reach a positive outcome, execution proceedings can be initiated.
Conducting Negotiations for Settlement: Legal counsel can provide assistance by managing settlement negotiations with creditors on behalf of debtor clients and facilitating agreements between the parties.
Initiation of Execution Proceedings: If the debt cannot be collected or an agreement cannot be reached with the debtor, execution proceedings can be initiated at the competent execution office. These proceedings aim to forcibly collect the debts.
Conversion of Mortgages into Cash: Execution proceedings can be initiated by converting the mortgages in the assets of debtor clients into cash.
Attachment Orders, Both With and Without Judgment: Execution proceedings can be initiated through attachment orders, either with or without a judgment, for the collection of claims. This allows for the seizure of the debtor’s entire assets.
Enforcement Proceedings Based on Negotiable Instruments: Execution proceedings can be initiated based on negotiable instruments such as checks, promissory notes, and bills of exchange.
Asset Inquiries, Seizures, and Sales: During execution proceedings, the assets of debtor clients are examined, necessary seizure actions are taken, and assets can be sold.
Precautionary Measures and Precautionary Attachments: Precautionary measures and precautionary attachments can be initiated to prevent debtors from concealing their assets.
Annulment Lawsuits: Lawsuits can be filed to annul past asset transfers made by debtors.
Claims of Right, Negative Declaration Lawsuits, Restitution Lawsuits: Claims of right, negative declaration, and restitution lawsuits can be filed against debtors who oppose execution proceedings.
Cancellation of Objections and Objection Removal Lawsuits: Lawsuits can be filed to cancel objections made by debtors in execution proceedings or to remove objections.
Execution Offense Cases: Criminal cases can be opened for offenses related to violations of execution and bankruptcy laws.
Unpaid Check Cases: Lawsuits can be filed against individuals who issue dishonored checks.
Concordat Agreements: The preparation and execution of concordat agreements can be facilitated to assist debtors in overcoming financial difficulties.
Bankruptcy Cases: Legal counsel can be provided for filing bankruptcy petitions and managing bankruptcy cases for debtors.
As Maya Law Firm, we assist our clients in the field of Execution and Bankruptcy Law, helping them in the processes of collecting their claims and managing their debts.
RECOGNITION AND ENFORCEMENT ACTION FOR FOREİGN COURT ORDERS
If the creditor in his country files and wins a claim against the debtor in Turkey and this becomes final, he can open foreclosure proceedings in Turkey and initiate the enforcement of the decision.
Our services with regards to debt collection are:
Asset research about claims and debtors
Possible securing of mutual contractual obligations
Judicial and extrajudicial dunning procedures
An interim injunction under Turkish law
Action for recognition and enforcement of foreign court orders
Effective realization of demands
There are time limits on the pursuit of debt collection. In Michigan, a debt collector has six (6) years from your last payment to collect on that debt. Once a judgment lien is obtained, the debt can be pursued forever as long as the judgment is renewed every ten (10) years. We can help you collect a reasonable and fair settlement of the debt owed to you as quickly as possible.
What Do We Do?
The debt collection attorneys at MAYA Law Firm are serious and aggressive when it comes to collecting your unpaid debt. Below are the steps we will take to ensure the debt is paid and accounted for legally.
Pre-Suit Collections—our debt collection attorneys will prepare demand letters to the debtors in an attempt to settle the debt without taking legal action. Our clients benefit greatly from any pre-suit resolution as to prevent the protracted time and cost of lawsuits.
Lawsuits—if a demand letter does not help resolve the debt, our debt collection attorneys may file a lawsuit against the person who owes the debt. This often leads to a default judgment against the debtor and our debt collection attorneys can take the appropriate measures to collect the debt with a Court’s permission.
Obtaining Judgment Liens—a judgment lien can result in tax garnishments, wage garnishments, seizure of valuable property, decline in credit records, and even home foreclosures and bank account levies. If a debtor fails to respond to a debt collection attorneys Complaint, the lien will be requested.
Enforcing Judgment Liens—our debt collection attorneys will use creative, professional, and effective methods for enforcing any judgment liens. We will ensure that the unpaid debt is recovered. Our team will file all necessary paperwork with the Courts and execution offices in order to legally record the judgments and accurately calculate any interest that grows on that debt. We will also use electronic research methods to identify property owned by debtors to make sure that all property is accounted for and maintain follow up to see whether the debtor purchases any additional collectible property.
Property Seizure—when appropriate, the Court may issue an Order to Seize Property. This includes vehicles and money from a debtor. An experienced debt collection attorney can help locate all property that should be seized and coordinate with Court Officers to seize the property. Personal property must be taken first in an attempt to settle the debt. If the sale of that property is not enough to cover the debt, the collections attorney may pursue the debtors’ homes and other real property.
Domestication of Foreign Judgments—if you have obtained a judgment outside of the Turkiye, we can help with the complex process of domesticating the judgments, and therefore making them enforceable outside of the State or Country in which it was originally issued.
Confirmation of Arbitration Award—If you have participated in arbitration proceedings, the award cannot be truly enforced until that Court confirms/give the force to it. Anytime within a year of the award, one can petition the Court to ensure a judgment in put into place. This is especially important if you feel that the adverse party is not going to pay the arbitration award or has outright refused to do so. Once this judgment is entered, it is enforceable just like any other Judgment.
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