What You Need to Know About Enforcement Proceedings

Enforcement proceedings are an important tool for creditors in the process of claiming their rights. There are matters to consider in these processes carried out within the scope of the Enforcement and Bankruptcy Law.

## 1. Types of Proceedings

**Enforcement Without Judgment:** Resorting directly to enforcement without a court decision. It is initiated by applying to the enforcement office.

**Enforcement With Judgment:** Proceedings based on a court decision or a notarized deed. It yields faster results.

**Proceedings Based on Negotiable Instruments:** Proceedings based on negotiable instruments such as promissory notes, checks and bills of exchange.

## 2. The Objection Process

The debtor has the right to object within 7 days. The objection is made in writing to the enforcement office. A lawsuit can be filed for the acceptance or rejection of the objection.

## 3. Seizure Transactions

If the objection is rejected, seizure transactions can be initiated. The receivable is collected by placing a seizure on the debtor's assets.

## 4. Concordat

If companies face financial difficulties, a concordat application can be made. Concordat means the restructuring of debts.

## Conclusion

Professional support should be obtained for fast and effective enforcement processes. Ehil Law Group is at your service with its staff specialized in enforcement and bankruptcy law.