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Enforcement proceedings are initiated by applying to the enforcement office. A payment order is served on the debtor, who has 7 days to object or pay. If no objection is raised, enforcement continues automatically.

Concordat is a debt restructuring procedure allowing a financially distressed debtor to reach a court-supervised agreement with creditors. It prevents bankruptcy and allows business continuity.

Enforcement, Bankruptcy & Debt Recovery

Experienced legal representation in debt collection, enforcement proceedings, bankruptcy litigation and corporate restructuring under Turkish law.

Enforcement & Bankruptcy Practice

Debt recovery and insolvency proceedings require decisive legal action. NextEra Legal provides creditors, debtors and insolvency practitioners with strategic legal support at every stage of enforcement and bankruptcy proceedings.

Debt Collection & Enforcement

We initiate and manage enforcement proceedings under the Turkish Enforcement and Bankruptcy Code (İcra ve İflas Kanunu), including general and specific enforcement, attachment of assets, garnishment orders and real estate execution. Our team handles both monetary and non-monetary enforcement.

Bankruptcy Proceedings

We represent creditors in bankruptcy (iflas) proceedings — filing proofs of claim, participating in creditor committees, challenging preferential transfers and pursuing fraudulent conveyance claims. We also advise debtors on bankruptcy petition strategy and asset protection within lawful limits.

Concordat & Restructuring

Concordat (konkordato) allows financially distressed companies to restructure their debts under court supervision. We advise companies on concordat eligibility, petition preparation, creditor negotiations and implementation of restructuring plans.

Asset Tracing & Recovery

We conduct asset investigation and tracing for creditors, identifying hidden assets through legal discovery mechanisms, banking information requests and cross-border enforcement assistance.