Best Bankruptcy Lawyers in Istanbul

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Kule Hukuk Bürosu

Kule Hukuk Bürosu

15 minutes Free Consultation
Istanbul, Turkey

Founded in 2010
10 people in their team
Turkish
English
German
Arabic
Portuguese
Spanish
Avukat Ferhat Kule, İstanbul'da yerleşik tam hizmet veren bir hukuk bürosudur. Müvekkillerimizin isteklerini karşılamak için çeşitli hukuk dallarında hizmet vermekteyiz. Çalışma alanlarımızdan bazıları Bilişim Hukuku, Boşanma ve Aile Hukuku, Ceza Hukuku, Şirketler ve Ticaret...
Arnone & Sicomo

Arnone & Sicomo

15 minutes Free Consultation
Istanbul, Turkey

Founded in 2017
28 people in their team
Italian
Turkish
English
Arnone & Sicomo is an International Law Firm founded by attorneys Gioia Arnone and Donatella Sicomo, with offices in major Italian cities including Palermo, Milan, Rome, Salerno, Catania, Cuneo, Venice, and Trento, as well as international locations such as London, Barcelona, Luxembourg,...
Oran Partners

Oran Partners

1 hour Free Consultation
Istanbul, Turkey

Founded in 2016
10 people in their team
English
Turkish
Oran Partners stands out as the only law firm in Turkey focused entirely on medical malpractice. Our team of committed trial lawyers specializes in representing international individuals affected by medical negligence and their families. We bring a wealth of insight from both the medical and legal...
Lexin Legal

Lexin Legal

1 hour Free Consultation
Istanbul, Turkey

Founded in 2018
12 people in their team
English
Turkish
Arabic
Russian
Italian
German
Kurdish
Armenian
Hebrew (modern)
Lexin Legal is a law firm established by two founding partners, Onur Calisici and Oruc Aygun with the primary objective of providing legal services in an efficient and effective manner. Lexin legal’s international composition draws experts from a wide range of countries mainly including Turkey,...
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Salman Law Firm
Istanbul, Turkey

Founded in 2017
English
Salman Law Firm, based in Istanbul, Turkey, offers a comprehensive range of legal services to both domestic and international clients. The firm's practice areas encompass corporate and commercial law, criminal defense, family law, real estate, personal injury, and intellectual property. This...
Selim Law Firm
Istanbul, Turkey

Founded in 2017
5 people in their team
Turkish
English
French
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 solutions within the limits of professional and international principles is our the most important mission. Selim Law Firm established with its great...
Serka Law Firm in Turkey
Istanbul, Turkey

Founded in 2013
12 people in their team
English
Russian
Arabic
Persian
Chinese
As Serka International Law Firm we successfully operate in Turkish, English, Russian, Arabic, Portuguese, Spanish, Chinese and German. Our Areas of Expertise Turkey Citizenship By investment and International company litigation.  We work with Russian, Arabic and Persian native speaker lawyers....
Develioglu & Dag
Istanbul, Turkey

Founded in 1953
14 people in their team
English
German
French
Turkish
Develioglu & Dag, recognized as one of the oldest premier law firms in Turkey, was established in 1953. Since its establishment, the firm has been dedicated to providing a comprehensive range of legal services to elite corporate clients across various sectors. Our firm offers legal...

Founded in 2005
English
Antroya Danışmanlık ve Hukuk Bürosu, established in 2005, specializes in international debt collection and legal consultancy services. With a presence in over 120 countries, the firm collaborates with leading financial institutions and is a proud member of several global debt recovery networks....
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About Bankruptcy Law in Istanbul, Turkey

Bankruptcy is a legal process that allows individuals or businesses who are unable to repay their debts to seek relief from their financial obligations. In Istanbul, Turkey, bankruptcy cases are governed by the Turkish Commercial Code and the Execution and Bankruptcy Law.

Why You May Need a Lawyer

While it is possible to navigate the bankruptcy process without a lawyer, it is often advisable to seek legal representation, especially in complex cases. Some common situations where you may need a lawyer include:

  • Understanding your rights and options in bankruptcy
  • Negotiating with creditors for a favorable resolution
  • Filing the necessary paperwork correctly
  • Defending against any lawsuits or claims brought by creditors
  • Ensuring the protection of your assets and interests

Local Laws Overview

When dealing with bankruptcy in Istanbul, it is important to be aware of the following key aspects of local laws:

  • Bankruptcy proceedings fall under the jurisdiction of the Istanbul Commercial Courts.
  • Individuals may file for bankruptcy under the Bankruptcy and Enforcement Law, while businesses may file under the Turkish Commercial Code.
  • There are different types of bankruptcy, including voluntary and involuntary bankruptcy.
  • The bankruptcy process involves the appointment of a trustee who manages the debtor's assets and distributes them among the creditors.
  • Certain debts may be discharged or restructured during bankruptcy, while others may need to be repaid over time.

Frequently Asked Questions

Q: How long does the bankruptcy process take in Istanbul, Turkey?

A: The duration of the bankruptcy process can vary depending on the complexity of the case. It may take several months to a few years to reach a resolution.

Q: Will I lose all my assets if I file for bankruptcy?

A: Not necessarily. While some assets may be liquidated to repay creditors, there are exemptions and protections available under Turkish law. Consulting with a lawyer can help you understand how your assets may be affected.

Q: Can I still start a new business after bankruptcy?

A: Yes, bankruptcy does not prohibit you from starting a new business. However, it is important to address the factors that led to the bankruptcy and take steps to prevent a similar situation from occurring again.

Q: Can I choose which type of bankruptcy to file?

A: The type of bankruptcy you can file depends on your circumstances. Individuals generally file for voluntary bankruptcy, while involuntary bankruptcy may be initiated by creditors under certain conditions.

Q: How can a lawyer help negotiate with creditors?

A: A lawyer can negotiate with creditors on your behalf, aiming to reach a favorable resolution. They can help you explore various options, such as debt restructuring or debt settlement, and provide legal guidance throughout the negotiation process.

Additional Resources

  • Istanbul Bar Association: The official organization representing lawyers in Istanbul, offering resources and referral services. Website: https://istanbulbarosu.org.tr/
  • Turkish Ministry of Justice: Provides information on bankruptcy laws and procedures in Turkey. Website: https://www.adalet.gov.tr/
  • Turkish Commercial Code: The primary legal framework governing commercial matters, including bankruptcy. Website: http://www.mevzuat.gov.tr/MevzuatMetin/1.5.6102.pdf

Next Steps

If you find yourself in need of legal assistance regarding bankruptcy in Istanbul, Turkey, consider taking the following steps:

  1. Evaluate your financial situation and determine if bankruptcy is the right option for you.
  2. Research and find a reputable lawyer who specializes in bankruptcy law.
  3. Schedule a consultation with the lawyer to discuss your case and understand the potential outcomes.
  4. Work closely with your lawyer to gather the necessary documentation and information for your bankruptcy filing.
  5. Follow the advice and guidance provided by your lawyer throughout the bankruptcy process.
Lawzana helps you find the best lawyers and law firms in Istanbul through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Istanbul, Turkey - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.