Execution and Bankruptcy Law is a branch of law that regulates the collection of the creditor’s receivable through state power by resorting to the debtor’s assets and the collective liquidation of debt relationships when the debtor becomes insolvent.
This area aims for the effective collection of individual receivables and the protection of economic balance in commercial life. Legal consultancy is generally provided on matters such as execution proceedings with and without judgment, objection to the payment order, annulment and setting aside of objection cases, negative declaratory actions (menfi tespit), seizure and sale procedures, drafting of the schedule of claims, opening and liquidation of bankruptcy, concordat and restructuring processes. Applications in execution and bankruptcy law are based on the principles of honest payment of the debt, protection of the creditor’s right and the continuation of economic stability.