What are the important points to consider regarding a promissory note? Essential elements of a promissory note, statute of limitations, protest and enforcement procedures…
Issuing bounced checks is a very common occurrence in practice, and due to this characteristic, it is frequently the subject of Supreme Court rulings.
A payment undertaking is a type of commitment prepared under Article 111 of the Enforcement and Bankruptcy Law No. 2004 (EBL) for use in enforcement proceedings. Upon signing the payment undertaking, the enforcement proceedings are immediately suspended…
What is compulsory execution? In simple terms, compulsory execution means enforcement by force. It occurs when a debtor fails to pay their debt and the court...
Once a bankruptcy decision is made, bankruptcy proceedings begin, and the debtor acquires the status of "bankrupt." At the time bankruptcy proceedings begin, all assets of the bankrupt that are subject to seizure, regardless of their location or who possesses them, are subject to attachment...
What is wage garnishment, a method used to collect debts during enforcement proceedings? Wage garnishment is a common method in practice. It is a measure determined by law for individuals due to their debts...
One of the common mistakes in practice is the seizure of pets as part of the debtor's foreclosure process. Pets have a significant emotional and psychological impact on the family...
