What is Enforcement and Bankruptcy Law?
Enforcement and bankruptcy law exists for people who do not pay their debts to meet their debts and to eliminate the grievances faced by the creditor. Enforcement and bankruptcy cases are generally lawsuits filed at the request of the creditor. The most basic purpose of this branch of law is to meet the debts in a short time. At this point, within the scope of execution and bankruptcy law, movable and immovable properties belonging to debtors can be confiscated through the state.
It is forbidden under the law for the creditor to collect his receivables in person except through legal means. However, it is important that a legal process in accordance with the law operates on behalf of the collection of debt from debtors. The process in question needs to be followed in a professional manner. This follow-up is of great importance through lawyers who are experts in the field of execution and bankruptcy.
The Importance of Enforcement Proceedings
We talked about the importance of enforcement proceedings in enforcement and bankruptcy cases. At this point, with the failure to follow up the execution and bankruptcy law cases in a professional manner, it becomes likely that the case will be dropped and the creditor will not receive his right. These enforcement proceedings generally take place in two ways. The first of these is the party follow-up procedures, while the second is the execution follow-up procedures. Party follow-up transactions are expressed as the transactions that guide the follow-up carried out by the parties in the follow-up procedure. Enforcement follow-up procedures are the transactions that ensure the progress of the execution made to the debtors carried out with the enforcement bodies. The professional conduct of both enforcement proceedings is of great importance in the course of the case.
In execution law, enforcement or bankruptcy is applied for the collection of the debt from the debtor. The debt is thus collected in the form of execution or bankruptcy. In order to carry out legal proceedings in execution and bankruptcy cases, the goods belonging to the debtor can be confiscated by non-payment of the debt at the follow-up stage.
Professional Support in Enforcement and Bankruptcy Law
As a law firm, it offers professional support in the field of enforcement and bankruptcy. With our team of professional and knowledgeable lawyers in this field, we provide you with the highest quality service and ensure that your cases are closely monitored. You can contact us for detailed information.