Günal Law Office
Att. Gurur Gaye Günal
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Home » Law Office » Practice » Enforcement and Bankruptcy Law
Nov 21, 2010

Enforcement and Bankruptcy Law

A great extend of a social life is constituted of contracts generated as a result of correspondence of wills. In an ideal society, parties of a contract are expected to satisfy their deeds as required and on time. This expectation is indispensable for the maintenance of a social life and for establishing consciousness of a society that respects the law. Despite this, due to the fact that human factor is essential in contractual relations it is not possible to perfectly compose the depicted social life.    

Within this framework, against the debtor who does not satisfy his/her deeds the requirement for the protection of the claimant has appeared. At this point, in order to prevent a direct intervention by the claimant, the same claimant is provided with the opportunity to apply for the compulsion power of the state. Although a legal transaction is recognized between two parties, there is a legal and public benefit for appealing the state power in case of non-performance. This legal and public benefit is the preservation of the social balance; namely, to prevent the debtor from being dependant on the society and on the state while providing the claimant with his/her claims.

Enforcement and bankruptcy is an area of law that by taking into account the social balance, regulates the stages that are to be completed in order for the claimant to achieve his/her claims. Main issues arising from this area of law are as follows:

  • Enforcement proceedings with judgment
  • Enforcement proceedings without judgment
  • Foreclosure proceedings
  • Liens
  • Methods of bankruptcy
  • Liquidation of bankruptcy
  • Closure and abrogation of bankruptcy
  • Simple liquidation
  • Action for annulment
  • Concordatum
  • Restructuring of corporations and cooperatives

As Günal Law Office, we are hereby ready to provide you legal assistance regarding the problems you may face arising from the enforcement and bankruptcy law.