HOW CAN I COLLECT MY RECEIVABLES FROM COMPANIES IN TURKEY?

To collect receivables from companies in Turkey, you can follow these steps:

1. Establish Clear Documentation

• Ensure you have signed contracts, invoices, purchase orders, or other documents proving the debt.

• Maintain records of communication regarding payment.

2. Send a Formal Demand Letter

• Draft a written notice to the company requesting payment within a specified deadline.

• Include details about the debt, such as the amount, due date, and consequences of non-payment.

• You can send this letter via notary, registered mail, or email for formal documentation.

3. Engage in Negotiations

• Contact the company to inquire about payment delays and discuss potential repayment plans if needed.

• Mediation services might also be an option for amicable resolution.

4. File a Lawsuit

• If informal methods fail, file a case at the Commercial Court in Turkey.

• This will involve hiring a Turkish attorney to represent you. They will handle the legal filings and court proceedings on your behalf.

5. Initiate Debt Collection Proceedings

• For undisputed debts, you can directly apply to the Execution Offices in Turkey without filing a lawsuit.

• This process involves a payment order issued to the debtor. If they object, the matter may escalate to court.

6. International Collection Services

• If you are based outside Turkey, consider engaging an international debt collection agency familiar with Turkish laws.

• Alternatively, use a Turkish law firm experienced in cross-border commercial disputes.

7. Alternative Dispute Resolution (ADR)

• Depending on the nature of the debt, arbitration or mediation may offer quicker and less costly alternatives to litigation.

Legal Considerations:

• Ensure compliance with Turkish Commercial Code and Law on Execution and Bankruptcy (2004).

• Be aware of applicable statutes of limitations (generally 10 years for commercial debts, but it can vary).

Assistance:

• Reach out to Turkish embassies or consulates in your country for guidance on legal representation.

• Consult the Union of Turkish Bar Associations for registered lawyers in Turkey.