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Execution and Bankruptcy Law


Execution and Bankruptcy Law
erderk
Category: Blog

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The creditor, whose receivables are not paid on time by the debtor, cannot obtain this receivable by force himself.


Coercion, ie forced execution, against the debtor who fails to fulfill his debt on time and properly, can only be done by the public authority within the framework of the laws.


Execution and Bankruptcy Law; In the event that the money and security receivables arising from private law relations are not paid by the debtor, it receives the payment of the debtor's request, within the limits determined by the law, with the help of the public authority and power.


The payment of the debt can only be made over the movable and immovable property of the debtor and the rights and receivables of the third parties.


In our country, all procedures and principles regarding the collection and payment of debt are regulated by the enforcement and bankruptcy law; Enforcement Courts, together with the enforcement and bankruptcy offices, are appointed for the collection of the receivables in accordance with the law.


In case of need, all law enforcement agencies, especially the police, can be assigned to enforcement at the request of the Executive Director.