Do you have a Turkish customer who does not pay invoice for your company?
Turkey's trade system and laws vary from those you're used to, which often complicates debt collection in Turkey.
Our debt recovery attorneys have the means to make restitution to your creditors. We'll do our best to raise the funds from the moment you turn your debt recovery matter over to us.
We, a debt recovery firm, have knowledge and expertise at our fingertips to help you with your accumulation of corporate debts in Turkey.
1. SUGGESTIONS IF THE TURKISH CUSTOMER IS NOT PAYING
1.1 Call the debtor and inquire why your invoice has not been charged yet. Provide a reminder instantly. In your reminder, provide a clear description of the invoice. Also, mention in this warning, a payment period of a fixed number of days.
2. UNDERSTANDING OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1 Our Turkish debt recovery experts have vast experience and knowledge of Turkish laws and regulations. Additionally, they are fully conscious of business traditions and culture, which makes it easier for your Turkish debtor to quickly make payments.
3. DEBT RECOVERY IN TURKISH LANGUAGE
3.1 Our attorneys know both your language and Turkish, so they can easily overcome the language barriers.
4. CUSTOMISED DEBT RESTRUCTURING
4.1 Our business debt recovery strategy is tailored to every single case, and we provide tailored advice to you.
5. STRAIGHTFORWARD GUIDANCE
5.1 We will always offer our honest advice on the likelihood that your debt recovery will be successful. It is vital to us to put your needs first; we are endeavoring to provide you with your choices and guidance on the best route to take. It is clear to see how we are upholding our core values of honesty and justice.
6. THE DEBT COLLECTION PROCESS IN TURKEY
6.1 You can split the debt collection process in Turkey into two levels. Selection takes place during the extrajudicial process, without the intervention of the Court. We may include the Court during the legal process in order to make the Turkish debtor bill.
6.2 Because we are a debt collection firm, we are able to assist you in both processes. Many disputes in Turkey are settled during the extrajudicial process, without the intervention of the Court.
7. EXTRAJUDICIAL DEBT COLLECTION
7.1 In theory we often continue with the extrajudicial step of the debt collection cycle. We are trying to prevent Court interference at this point, as this can be expensive. To demand reimbursement we must contact your Turkish debtor.
7.2 Also we will engage in a face-to-face chat with your Turkish debtor in specific cases. If the debtor fails to pay within a specified period of time we will launch legal proceedings on your order. The declaration of legal proceedings also persuades the customer to pay.
If your Turkish debtor refuses to pay during the extrajudicial process we can go to the Court in Turkey after negotiation with you.
We will always give you preliminary details about the likelihood of success in your debt recovery case. We will also remind you of the potential costs in advance, and will only continue with your permission.
In the case of an uncontested dispute between two parties located in EU Member States (except Denmark)
European order for payment proceedings may be initiated.
In your situation, the prosecutor who manages the case will decide whether this kind of action is acceptable.
The creditor usually fills out a standard form for EU Order for Payment procedures and submits this to the Tribunal.
Instead, the Court issues a Local Transaction Notice. The debtor then has 30 days to decide whether they object to the charge.
If no notice is obtained within the 30-day span, you can require the Court to finalize the payment order (called a "declaration of enforceability"). This decision is true and enforceable and is recognized in any Member State (except Denmark).
The EU Payment Order is never appropriate for contested issues (so not in situations where there is a disagreement over the invoice).
The benefit of this process is flexibility and low cost (some Member States don't even impose a court fee), but the drawback is that if it gets challenged, the case stops, and if the claimant wants to continue, a regular civil action will have to be launched.
Debt Recovery in Turkey. Fast.
Our business debt recovery methodology is customized to every single instance, so that we can provide objective advice to you. We will always give our objective advice on the likelihood of your debt recovery being successful. It is essential to us to place your interests first; we aim at providing you with your possibilities and suggestions on the best path to take. It is clear to see how we are pursuing our fundamental values of integrity and justice.
- Contact your customer and demand why no payment has been and when exactly it will be. Always request the payment copy sent to you. - Are you not able to solve the problem with your customer? Send them a certified letter requesting immediate payment. - Be conscious that with ambiguous payment terms or arguments, your Sloven debtor may try to gain additional time. Persevere, be direct and never postpone. - In Turkey, a payment period of three to seven days is normal
Our Turk debt collection experts have comprehensive experience and perspective of Turk laws and policies. Therefore they are perfectly aware of Turkey trading values and traditions. Which makes it easier for your Turk debtor to quickly make payments.
Debt Collection Law Turkey
Contact Us and Get our comprehensive article about how to collect a debt in Turkey, using the amicable and legal options. This is best debt collection guide on Turkey your will ever find.
Get paid Faster: Debt Recovery Turkey
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Collect A Debt in Turkey using our local Network
We follow your instructions at all times and ensure regular communication with you via collection reports, recommendations regarding debtor payments, payment plans and, where necessary, repossession and Court proceedings.
Debt Collection Process in Turkey
We have prepared for you a comprehensive article about how the debt collection process works in Turkey. See the country report on our Blog:
