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Attorney Fahrettin Erdem Yildizeli

EXECUTION OF YOUR RECEIVABLES IN TURKEY

Is your customer not paying their debt to your company? Having trouble paying one of your debtors? If you decide to take legal action for the collection of your debt, we will follow the necessary legal steps for you with our expert lawyer staff in Execution and Bankruptcy Law. With our professional experience and structuring in 81 provinces, we are ready to serve you in the collection of your commercial receivables.


LEGAL ADVICE ON YOUR BUSINESS RELATIONS


1. You must have a contract that will protect you legally.


Trade; It is a system in which commercial specialization areas such as marketing, sales, pricing and many different elements such as tax, accounting, legal legislation should work together.


Support from experts in the field will also be instrumental in laying solid foundations. When trading, the existence of a contract that will protect you at the maximum level is essential. You should not forget that; Carrying out the business with the least risk from the beginning will also minimize your risks in the future. In the contracts you will make, we are ready to serve you in order to protect you with the least risk in a possible bad scenario before the contracts are signed.


2. Written documentation is essential.


In the Turkish legal system, in legal disputes arising from receivables, depending on the type and amount of receivable, the courts only request written documents from you. All your transactions regarding the delivery of the goods subject to trade and the provision of services must be document-based. While we were delivering the goods, the company employee was with us, he was a witness, we have phone records, we texted, and this approach will prevent you from collecting your receivables even though you know that you are right. Therefore, make all your agreements, additional protocols, delivery of goods or services with a written document. Remember that any piece of paper that may seem like a chore to you can be used as evidence during the trial.


3. Submit a notice.


If your receivable is not paid in the agreed time, first call your customer and find out the reason for the non-payment. Send a warning by stating all the details and content of the invoice, including your receivable amount. Note that even if you have agreed on interest in the contract, delay interest cannot be requested without enforcement proceedings or a warning letter to the debtor. If you intend to repay your customer because of overdue receivables, try to guarantee your receivables by check or promissory note. This move will save you time by putting you in a stronger position in the collection of your receivables.


4. Do not delay in taking action.


Based on our experiences; Don't give too much credit to the stories debtors tell you. Do not delay in taking legal action by believing them.


EXECUTION OF THE BORROWER

When you decide to take legal action for the collection of your receivable, the authority you will apply to is the Execution and Bankruptcy Directorates. Enforcement proceedings are divided into various types based on the document that forms the basis of the proceedings. The common aspect of every proceeding is that an application to be made to the enforcement office begins with a "payment order" that the enforcement office will send to the debtor following the application. However, do not forget that the support you will receive from an expert lawyer will prevent you from losing time due to mistakes that may be made in the document.


FOLLOW-UP PROCEDURE OF OUR COMPANY


We are experienced in reaching the result by using the right methods for you, with our staff specialized in debt collection. We serve you in two stages in your receivable follow-ups.


1. Without starting a follow-up procedure


The general practice of our company starts with communicating with the debtor first in all receivables follow-ups. In this direction, we plan to make an assessment of whether your debt can be collected through amicable settlement, and at the same time save you the cost and time of litigation. In this direction, we send a warning to your debtor customer if it has not been sent by you and make a phone call. In this way, if the collection of your receivable appears to be possible, we agree on a payment plan with your debtor customer by submitting it to your approval.


2. Beginning with follow-up procedures


If your receivable cannot be collected at the first stage, we initiate the legal process with your approval. We inform you in advance about the legal ways and costs that we can apply according to the document based on the claim you have, and we initiate the proceedings by obtaining your approval.

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