CIS DRS

DEBT COLLECTION IN TURKEY

Debt portfolio management & Debt collection
We recover your bad debts for the success fee.

Is it difficult to collect debts in Turkey?

It always happens that the counterparty, partner, or any other company is not fulfilling financial obligations. Legal entities in Turkey are not an exception, hence, it is necessary sometimes to collect the debts. So what do you need to know about the debt collection in Asia, and, especially in Turkey?

Firstly, there are several options to recover the debt in the country, amicable collection and enforcement debt recovery via litigation. In order to return finances, you should follow the terms of legislation, especially the terms of Code of Obligations, Code of Commerce, and Bankruptcy Law regulations if necessary.

The pre-trial option of debt collections is rather simple, however, if it is performed by a non-professional agency, it might have no effect on the returning of finances. Usually, the pre-legal procedure consists of the request, which is sent to the debtor. It requires the company to make the payment within the specified time period. It is possible to request to pay part of the money or the whole amount. Nevertheless, it is necessary to fix everything in writing, using the outbound letters of demands.

Additionally, according to the Turkish legislation, if the debtor fails to cover the debt and does not fulfill its obligations to make the payment, the creditor can request an order of peremptory payment, in which case the debtor is obliged to pay the debt/part of the debt in 10 days.

Litigation on enforcement debt recovery contains a big number of requirements, which have to be followed. The litigation should be handled by the attorney, which practices in Turkey. Moreover, the guarantee of the repayment cannot be also provided due to a big number of bankruptcies and liquidations, which became a nationwide problem.

What do you need to do when you have a debt in Turkey?

CIS DRS (CIS Debt Recovery Solutions) has a worldwide network of partners. It helps in recovering debts every single day. We provide services of amicable commercial debt recovery in Europe, Asia and, especially, in Turkey.

Our team practices amicable collection every single day for many years already, successfully returning millions on bank accounts of our clients. Our agency is working in B2B and focuses on credit management, amicable (pretrial) debt recovery, enforcement debt recovery, recognition, and fulfillment of court rulings.

We are fully aware of the restrictions for collection in Turkey, and we are always ready to support you with the full services of debt collection. We not only send letters and make daily calls. Our company is aiming at a specific approach to each particular case.

We fully investigate the debtor, prepare credit reports, communicate with your counteragent using all possible means, making site visits, providing permanent reports on the results of our work, creating a specific unique workspace for our clients if necessary, and are always available for you at any time, convenient for you!

You may be sure that our main goal is to return your finances as fast as possible, saving your time, money, reputation, and your further relationships with the debtors. With us, you can literally relax and forget about the debt until you get a notification from your bank account about the remittance of funds on your account from your counteragent.

We are always glad to answer all your questions if you have any of them, so feel free to contact us. Please submit your claim through the form below.
AT A GLANCE
Serving Clients in TURKEY for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT COLLECTION SERVICES IN TURKEY

No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN ASIA:

TEL: +86-532-82-02-2526
EMAIL: asia@cisdrs.com

1805 Parkson International Business Center, 44-60
Zhongshan Road, 266001, Qingdao Shandong, CHINA

We work Monday to Friday, 9 AM - 6 PM (GMT-7)
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