Forced execution procedure is to ensure that debtors who cannot pay their debts voluntarily pay their debts, by force of the State, at the request of their creditors. In the Enforcement and Bankruptcy Law, there are generally two types of forced execution. One of them is partial (individual) execution (execution proceedings) and the other is general (collective) execution (bankruptcy proceedings).
In enforcement proceedings, one or more creditors and the debtor’s assets sufficient to pay the debt are subject to enforced enforcement, while in bankruptcy law, unlike partial enforcement, all creditors are against the debtor subject to bankruptcy, and the subject of the proceedings is the debtor’s entire assets that can be seized.
As ATD Law Firm, we provide legal support to our clients in execution and bankruptcy proceedings, collection of overdue receivables and all other legal disputes with our expert team. Our clients include not only the leading companies of the sector, but also asset companies. Some of the legal support we provide to our clients regarding forced enforcement is as follows:
Debt settlement negotiations,
Initiation of proceedings in the enforcement offices for the purpose of collection of receivables (proceedings with and without a verdict, follow-ups through foreclosure specific to bills of exchange, proceedings through the conversion of the mortgage into cash, enforcement proceedings opened for the collection of alimony receivables, proceedings through the conversion of the movable pledge into money, and enforcement proceedings initiated for the collection of rent receivables),
Appeal cases against debt and signature,
Investigation of the debtors’ rights and receivables from third parties and performing the necessary foreclosure procedures concerning their movable and immovable properties,
Managing the concordat process,
Conversion of foreclosed or pledged vehicles into cash,
Conversion of foreclosed or mortgaged immovables into cash,
Action for negative declaration,
Tender cancellation cases,
Appeal cases to valuation,
Appeal cases to the rank list,
Actions for annulment of savings,
Actions for annulment of objection and cancellation of objection,
Bad check cases.