Debt collection, enforcement proceedings and insolvency/composition management.
Enforcement and insolvency law is a technical, time-sensitive field that ensures the collection of receivables within the legal order. At Özel & Demir Law and Consultancy, on both the creditor and debtor side, we provide fast and strategic legal support at every stage, from initiating proceedings to carrying out attachment and sale.
Depending on the nature of the receivable and the documents at hand, we determine the most suitable route of enforcement and prevent loss of rights by observing limitation and procedural rules.
We first examine the legal basis of the receivable and the state of the evidence and choose the most effective route of enforcement. We diligently investigate the debtor’s assets and, in the event of an objection, accelerate the process by assessing annulment or removal of the objection. On the debtor side, we offer defence against unjustified proceedings and restructuring options.
Our team, experienced in enforcement and insolvency, works with a results-focused mindset for the swift and secure collection of receivables. In complex, multi-party files we build a strategic roadmap.
Enforcement with judgment is based on a court decision or a document deemed equivalent to a judgment; enforcement without judgment can be initiated without such a document. The procedure and the consequences of objection differ.
In enforcement without judgment, a timely objection stays the proceedings. The creditor may continue by seeking annulment or removal of the objection.
No. The law deems certain assets and rights partly or wholly non-attachable; for example, a portion of wages cannot be attached. Consult a lawyer for your specific situation.
Composition is a mechanism allowing a debtor who cannot pay, or is at risk of being unable to pay, to agree on a payment plan with creditors under court supervision.