Best Bankruptcy & Debt Lawyers in Istanbul

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Lexin Legal

Lexin Legal

Istanbul, Turkey

Founded in 2018
12 people in their team
Lexin Legal is a law firm established by two founding partners, Onur Calisici and Oruc Aygun with the primary objective of providing legal services...
English
Turkish
Arabic
Russian
Italian
German
Kurdish
Armenian
Hebrew (modern)
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HS Attorney Partnership

HS Attorney Partnership

Istanbul, Turkey

Founded in 1985
10 people in their team
HS Attorney Partnership is a full-service law firm with offices in Istanbul and Ankara, Turkey. Established in 1985, HS has a long-standing presence...
English
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Kule Hukuk Bรผrosu

Kule Hukuk Bรผrosu

Istanbul, Turkey

Free Consultation: 15 mins


Founded in 2010
10 people in their team
Avukat Ferhat Kule, ฤฐstanbul'da yerleลŸik tam hizmet veren bir hukuk bรผrosudur. Mรผvekkillerimizin isteklerini karลŸฤฑlamak iรงin รงeลŸitli hukuk...
Turkish
English
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MGC Legal

MGC Legal

Istanbul, Turkey

Founded in 2013
146 people in their team
MGC Legal โ€“ Turkish Law FirmMGC Legal is a Turkish law firm that can provide services globally. Our Istanbul-based law firm handles legal issues...
English
Turkish
Arabic
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Serka Law Firm in Turkey

Serka Law Firm in Turkey

Istanbul, Turkey

Founded in 2013
12 people in their team
As Serka International Law Firm we successfully operate in Turkish, English, Russian, Arabic, Portuguese, Spanish, Chinese and German. Our Areas of...
English
Russian
Arabic
Persian
Chinese
BAL Law Firm

BAL Law Firm

Istanbul, Turkey

Free Consultation: 1 hour


Founded in 2016
10 people in their team
We are a independent Turkish law firm based in Istanbul, providing a wide range of legal services to individuals, institutions, and companies. As...
Turkish
English
Sinerji Law and Accounting Consultancy

Sinerji Law and Accounting Consultancy

Istanbul, Turkey

Founded in 2002
4 people in their team
Welcome to Sinerji Law and Accounting Consultancy, a distinguished destination where legal acumen harmonizes with financial expertise, offering a...
Turkish
English
French
Serdar & Zeren Attorneys at Law

Serdar & Zeren Attorneys at Law

Istanbul, Turkey

Founded in 2019
6 people in their team
Established by Mustafa Serdaroglu and Alp Zerenoglu in 2019, Serdar & Zeren serves multinational clients with their dealings in Turkey with more...
English
Turkish
German
Lex Lata Consulting & Law

Lex Lata Consulting & Law

Istanbul, Turkey

Founded in 2022
3 people in their team
Lex Lata Consulting and Law Firm, stationed in Istanbul, Turkey, emerges as a leading entity dedicated to offering nuanced legal and consulting...
Turkish
English
Russian
Arabic
Armenian
Chinese
Bulgarian
Croatian
Finnish
French
Greek
German
Georgian
Hebrew (modern)
Italian
Norwegian
Romansh
Polish
Spanish
Selim Law Firm

Selim Law Firm

Istanbul, Turkey

Founded in 2017
5 people in their team
Selim Law Firm is a Turkish law firm in Istanbul that serves global and local clients. Providing our clients with the highest quality service and...
Turkish
English
French

Browse bankruptcy & debt law firms by service in Istanbul, Turkey

Istanbul, Turkey Attorneys in related practice areas.

About Bankruptcy & Debt Law in Istanbul, Turkey

Bankruptcy and debt law in Istanbul, Turkey deals with the legal processes and procedures related to individuals and businesses facing financial difficulties. It offers a legal framework for managing debt, restructuring obligations, and seeking relief from financial hardships. Understanding the basics of bankruptcy and debt law is essential for anyone facing financial challenges in Istanbul.

Why You May Need a Lawyer

While it is possible to navigate bankruptcy and debt issues without legal representation, hiring a lawyer can greatly benefit individuals facing complex financial situations. Below are some common situations where seeking legal help is advisable:

  • Debt negotiation and settlement
  • Filing for bankruptcy
  • Asset protection during bankruptcy
  • Defending against creditor lawsuits
  • Understanding and applying for debt relief programs or insolvency proceedings
  • Reviewing and negotiating loan agreements and financial contracts

Local Laws Overview

Istanbul, Turkey has its own set of laws and regulations that govern bankruptcy and debt matters. Here are some key aspects of local laws that are particularly relevant:

  • Bankruptcy Law: The Turkish Commercial Code encompasses bankruptcy provisions and procedures for individuals and businesses.
  • Debt Restructuring: Istanbul offers debt restructuring options, allowing individuals and businesses to reorganize their debts and repay them over a defined period.
  • Insolvency Proceedings: The Istanbul Bankruptcy Courts oversee insolvency proceedings, which can provide relief to debtors and protection of creditors' interests.
  • Debt Collection Practices: Istanbul has specific laws and regulations governing debt collection practices to protect debtors from harassment or unfair treatment.

Frequently Asked Questions

1. Can I file for bankruptcy in Istanbul, Turkey as an individual?

Yes, both individuals and businesses can file for bankruptcy in Istanbul, Turkey. The process and criteria may vary depending on the circumstances. It is advisable to consult with a lawyer to evaluate your eligibility and understand the implications.

2. Will bankruptcy eliminate all my debts?

Bankruptcy does not eliminate all types of debts. Some debts, such as child support, alimony, and certain tax obligations, may not be dischargeable through bankruptcy. Consult with a lawyer to assess which debts can be discharged in your specific situation.

3. Can I keep any assets if I file for bankruptcy?

The availability of asset exemptions in bankruptcy varies depending on the type of bankruptcy you file. Istanbul's bankruptcy laws provide certain exemptions that may allow you to keep essential assets, such as your primary residence or a vehicle necessary for work. Discuss the exemptions and asset protection strategies with a lawyer.

4. How long does the bankruptcy process take in Istanbul?

The duration of the bankruptcy process in Istanbul depends on various factors, including the complexity of the case and the type of bankruptcy filed. Generally, it can take several months to a few years to complete the process. Consult with a lawyer to get an estimate based on your specific circumstances.

5. Will bankruptcy have a long-term impact on my credit score?

Yes, filing for bankruptcy can have a significant impact on your credit score and creditworthiness. However, it does provide an opportunity for a fresh start in rebuilding your finances. Over time, you can take steps to improve your creditworthiness. Consult with a lawyer for guidance on managing the impact of bankruptcy on your credit.

Additional Resources

For additional information and assistance regarding bankruptcy and debt in Istanbul, Turkey, consider the following resources:

  • Istanbul Bar Association: Provides referrals to lawyers specializing in bankruptcy and debt law.
  • Ministry of Justice: Offers information about the legal system and access to courts in Istanbul.
  • Financial Counseling Agencies: Non-profit organizations that provide financial education and counseling services to individuals facing debt problems.

Next Steps

If you require legal assistance for bankruptcy and debt matters in Istanbul, Turkey, follow these steps:

  1. Evaluate your financial situation and determine if legal help is necessary.
  2. Research and identify bankruptcy lawyers in Istanbul with expertise in debt and bankruptcy law.
  3. Arrange consultations with selected lawyers to discuss your case and explore potential solutions.
  4. Select a lawyer who best meets your needs and can guide you through the bankruptcy or debt resolution process.
  5. Work closely with your lawyer to gather necessary documentation, understand legal options, and navigate the legal proceedings.
Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.