Restructuring, Enforcement and Bankruptcy
Overview
In debt recovery, and in matters concerning companies in financial difficulty, timing is of decisive importance; taking the necessary steps early often has a direct effect on the outcome. We manage the processes in this field, from enforcement proceedings to composition with creditors, having regard to their economic and commercial consequences as well as the legal ones.
We provide legal support to our clients in debt collection and in enforcement, bankruptcy, concordat, and restructuring processes. In this context, we follow processes such as enforcement proceedings with and without a judgment, attachment procedures, wage garnishments, bank account garnishments, lifting of attachments, and enforcement of pledges. For each matter, we focus on determining the most appropriate legal path by evaluating the nature of the receivable, the debtor's situation, and collection possibilities together.
We also support our debtor and creditor clients in bankruptcy and composition (konkordato) processes. Bankruptcy lawsuits, composition (konkordato) applications, temporary and definitive moratorium periods, and restructuring negotiations are among our activities in this scope. In addition, we provide consultancy on the measures companies should take regarding capital loss and insolvency within the framework of Article 376 of the Turkish Commercial Code. Protecting the financial structure, taking necessary decisions in a timely manner, and managing risks before they escalate are of particular importance in these processes.
In matters involving disputes and collection, we combine legal assessment with the practical conduct of proceedings. In disputes arising from asset transfers, out-of-court restructuring negotiations, and processes related to companies in financial difficulties, we develop workable solutions suited to the specific situation.
Matters we handle in this area:
• Debt collection
• Enforcement proceedings with and without a judgment (ilamlı/ilamsız icra)
• Attachment procedures
• Lifting of attachment
• Wage garnishment
• Bank account garnishment
• Enforcement of pledges
• Bankruptcy lawsuits
• Composition (konkordato) applications
• Temporary and definitive moratorium periods
• Out-of-court restructuring negotiations
• Debt restructuring
• Disputes arising from asset transfers
• Capital loss and insolvency assessments within the scope of TCC Art. 376
• Legal consultancy for companies in financial difficulties
• Representation of debtors and creditors