Experienced bankruptcy lawyers in Turkey providing legal services for debt recovery, insolvency, and creditor rights—serving international clients.
In the complex terrain of Turkish insolvency law, bankruptcy is not merely a financial status—it is a legal mechanism governed by precision, deadlines, and creditor strategy. For foreign investors and international businesses operating in Turkey, navigating debt recovery requires more than contracts; it demands legal foresight and strategic execution. Our English-speaking bankruptcy lawyers in Istanbul provide tailored solutions for insolvency, liquidation, and enforcement actions across Turkey’s judicial landscape.
“Legal recovery begins not when a debt is overdue, but when your legal team anticipates what comes next.”
Understanding Bankruptcy Law in Turkey
Bankruptcy law in Turkey is primarily regulated by the Turkish Execution and Bankruptcy Code (EBC). It outlines the procedures for initiating insolvency claims, liquidating company assets, and satisfying creditor claims in an orderly and court-supervised manner. Turkish bankruptcy law recognizes both voluntary and involuntary bankruptcy, allowing creditors to initiate proceedings under specific legal thresholds.
The process is judicial in nature, involving commercial courts, bankruptcy administrations, and enforcement offices. Deadlines are strict, procedural errors can nullify claims, and creditor ranking determines payment priority. Our legal team ensures that your filings are not only timely, but also strategically positioned to maximize recoverability. You can also explore our dedicated page on Enforcement and Bankruptcy Law in Turkey for a broader legal perspective.
In Turkish bankruptcy law, missing a deadline doesn’t delay justice—it can destroy your case.
Types of Bankruptcy Proceedings in Turkey
Turkey recognizes several types of insolvency proceedings, including:
- Ordinary bankruptcy (for merchants who fail to pay debts)
- Bankruptcy by declaration (voluntary filing)
- Compulsory bankruptcy (initiated by creditors)
- Concordatum (debt restructuring agreement)
Each pathway requires a distinct legal approach. For example, applying for a concordatum demands detailed financial disclosure and a viable restructuring plan, while compulsory bankruptcy necessitates strong documentation of non-payment and commercial default.
Choosing the wrong insolvency path can turn restructuring into ruin.
Debt Recovery and Enforcement Actions
Bankruptcy is often preceded by aggressive debt recovery efforts. Enforcement begins with a payment order issued through the enforcement office. If ignored, it escalates into asset seizures, bank account freezes, or bankruptcy claims. Foreign claimants often face additional complexity due to language barriers, cross-border documentation, and jurisdictional challenges.
Our lawyers assist with:
- Preparing and serving payment orders
- Filing enforcement claims
- Representing creditors before Turkish enforcement offices
- Negotiating settlements to avoid litigation
In debt enforcement, hesitation favors the debtor. Legal speed is a strategic weapon.
Legal Support for Foreign Creditors
Foreign creditors seeking debt recovery in Turkey need more than translation—they need representation. Our team navigates international treaties, bilateral agreements, and the Turkish legal framework to secure foreign claims effectively.
We support:
- International companies with unpaid invoices
- Foreign investors with breached contracts
- Cross-border financial institutions pursuing recovery
By aligning legal expertise with cultural fluency, we eliminate delays and maximize legal clarity for our international clients.
In international debt recovery, local knowledge is global leverage.
How Our Bankruptcy Lawyers Assist You
Our English-speaking lawyers provide full legal assistance through every phase of the bankruptcy and enforcement process. From risk assessment to case filing, from court representation to post-judgment collection, we prioritize efficiency, clarity, and creditor rights.
Services include:
- Legal evaluation of insolvency risk
- Drafting and filing bankruptcy petitions
- Representing clients in commercial courts
- Asset tracing and recovery actions
In financial distress, the right legal partner is not a luxury—it is your defense.
Contact Our Turkish Bankruptcy Lawyers
If you are seeking trusted legal representation in bankruptcy, enforcement, or debt recovery matters in Turkey, contact our law firm in Istanbul. We speak your language, understand your urgency, and act with precision. Contact us for immediate legal assistance.
Because in bankruptcy law, the strongest position is being prepared.