Debt Collection in Turkey: A Quick Guide for Creditors

Debt collection is a legal process that involves the recovery of money owed by one party to another. In Turkey, debt collection is governed by the Turkish Code of Civil Procedure, and the legal system provides several options for creditors to collect debts owed to them. Here's a step-by-step guide to debt collection in Turkey, and how Dogus Law can help you recover outstanding debts.

Step 1: Send a Payment Reminder

The first step in debt collection is to send a payment reminder to the debtor. This can be done through a letter or email, reminding the debtor of the outstanding debt and requesting payment within a specific timeframe.

Step 2: Issuing a Payment Notice

If the debtor does not respond to the payment reminder, the creditor can issue a payment notice. This is a formal document that sets out the details of the debt and requests payment within a specified period. The payment notice should include a warning that legal action may be taken if payment is not made.

Step 3: Filing a Lawsuit

If the debtor fails to respond to the payment notice, the creditor can file a lawsuit. This involves submitting a claim to the competent court, which will issue a summons to the debtor. The debtor then has a specified period to respond to the claim.

Step 4: Obtaining a Court Order

If the debtor fails to respond to the claim or disputes the debt, the court will schedule a hearing. At the hearing, the creditor must provide evidence to prove that the debt is owed, and the court will make a decision. If the court finds in favor of the creditor, a court order will be issued.

Step 5: Enforcing the Court Order

Once a court order has been issued, the creditor can enforce the order through various means, including seizure of assets or bank accounts, wage garnishment, or auction of assets. These enforcement measures require the involvement of a bailiff or a notary public.

It is important to note that debt collection in Turkey can be a lengthy and complicated process. It is advisable to seek the assistance of a qualified debt collection lawyer who can guide you through the process and ensure that your legal rights are protected.

In cases of fraudulent trading practises, it is advisable to proceed with both civil and criminal cases together to expedite the process of debt recovery. By pursuing criminal charges against the debtor, the legal system can take more severe measures against fraudulent activities, such as fines, imprisonment, or asset seizure. A qualified debt collection lawyer can assist you in identifying cases of fraudulent trading and guide you through the process of pursuing both civil and criminal cases.

At Dogus Law, we have extensive experience in debt collection matters and can assist you in recovering outstanding debts. As qualified Turkish lawyers, we understand the complexities of the Turkish legal system and can provide you with the guidance you need to navigate the process of debt collection. Contact us today to learn more about our debt collection services and how we can help you recover outstanding debts in Turkey.