DEBT COLLECTION 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.

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.