Best Bankruptcy Lawyers in Turkey

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Pi Legal Consultancy

Pi Legal Consultancy

15 minutes Free Consultation
Ankara, Turkey

Founded in 2021
55 people in their team
English
Spanish
Turkish
 Pi Legal Consultancy [PiLC] is a legal & business consulting international law office in Turkey. We have four offices based in İstanbul, Ankara and Batman. We also enjoy solution partners and lawyers based in most European Countries, Canada and the United States. PiLC is one of the...
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...
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,...
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...
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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Just & Fair Law Firm
Istanbul, Turkey

Founded in 2002
15 people in their team
English
Turkish
French
Arabic
Russian
Providing high caliber legal consultancy, mediation, arbitration, litigation and education services to domestic, regional and global companies, organizations, governments, NGO’s and individuals since 2002.The way we do business reflects the fact that we are, as a team of, a full service,...

English
ÜNLÜ HUKUK ve DANIŞMANLIK BÜROSU, located in Afyonkarahisar, Turkey, offers comprehensive legal services across various practice areas, including administrative law, bankruptcy, criminal justice, family law, foreclosure, insurance, labor relations, tax law, and general legal consultancy. The...
Lex Lata Consulting & Law
Istanbul, Turkey

Founded in 2022
3 people in their team
Turkish
English
Russian
Arabic
Armenian
Chinese
Bulgarian
Croatian
Finnish
French
Greek
German
Georgian
Hebrew (modern)
Italian
Norwegian
Romansh
Polish
Spanish
Lex Lata Consulting and Law Firm, stationed in Istanbul, Turkey, emerges as a leading entity dedicated to offering nuanced legal and consulting services in international law among other legal realms. Their mission orbits around empowering both local and multinational corporations in navigating...

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 Turkey:

Bankruptcy in Turkey is governed by the Turkish Commercial Code and the Execution and Bankruptcy Law. It is a legal process through which individuals or businesses that are unable to repay their debts seek relief from their creditors. The goal of bankruptcy is to provide a fresh start to debtors while ensuring fair treatment for creditors.

Why You May Need a Lawyer:

Bankruptcy can be a complex and challenging process, especially for those unfamiliar with the legal system. A lawyer can help you understand your rights and options, navigate the bankruptcy process, and advocate on your behalf. Whether you are considering filing for bankruptcy or dealing with creditors, a lawyer can provide valuable assistance and guidance.

Local Laws Overview:

In Turkey, bankruptcy proceedings are regulated by the Execution and Bankruptcy Law. The law sets out the procedures for filing for bankruptcy, appointing a trustee, and distributing assets to creditors. It also outlines the rights and responsibilities of debtors and creditors during the bankruptcy process.

Frequently Asked Questions:

1. What are the different types of bankruptcy in Turkey?

In Turkey, there are three main types of bankruptcy: individual bankruptcy, collective bankruptcy, and concordat. Individual bankruptcy is for individuals who are unable to repay their debts, while collective bankruptcy is for companies and other legal entities. Concordat is a type of bankruptcy agreement between debtors and creditors to restructure debts.

2. How do I know if bankruptcy is the right solution for me?

If you are struggling to repay your debts and facing financial difficulties, bankruptcy may be a viable option. It is important to consult with a lawyer to assess your financial situation and explore alternative solutions before filing for bankruptcy.

3. What are the consequences of filing for bankruptcy in Turkey?

When you file for bankruptcy in Turkey, your assets may be liquidated to repay your creditors. You may also face restrictions on obtaining credit and running a business. However, bankruptcy can provide relief from overwhelming debt and a chance to start fresh financially.

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

The bankruptcy process in Turkey can vary depending on the complexity of the case and the cooperation of the parties involved. On average, the process can take several months to a few years to complete.

5. Can I keep any of my assets if I file for bankruptcy?

In some cases, you may be able to retain certain assets, such as your primary residence or essential personal belongings, during bankruptcy. However, it is important to consult with a lawyer to understand which assets are exempt from liquidation.

6. What are the alternatives to filing for bankruptcy in Turkey?

There are several alternatives to bankruptcy in Turkey, such as debt restructuring, negotiation with creditors, and debt consolidation. A lawyer can help you explore these options and determine the best course of action for your financial situation.

7. Can creditors take legal action against me if I file for bankruptcy?

Once you file for bankruptcy in Turkey, creditors are generally prohibited from taking legal action against you to collect debts. The bankruptcy process provides a stay of proceedings to protect debtors from harassment and legal action by creditors.

8. How much does it cost to hire a bankruptcy lawyer in Turkey?

The cost of hiring a bankruptcy lawyer in Turkey can vary depending on the complexity of your case and the lawyer's experience. It is important to discuss fees and payment arrangements with your lawyer before engaging their services.

9. Can I file for bankruptcy without a lawyer in Turkey?

While it is possible to file for bankruptcy without a lawyer in Turkey, it is not recommended. A lawyer can provide valuable assistance and ensure that your rights are protected throughout the bankruptcy process.

10. How can I find a reputable bankruptcy lawyer in Turkey?

You can find a reputable bankruptcy lawyer in Turkey by asking for recommendations from friends, family, or professional networks. You can also research lawyers online, read client reviews, and schedule consultations with potential candidates to discuss your case.

Additional Resources:

If you need legal advice or assistance with bankruptcy in Turkey, you can contact the Union of Turkish Bars, the Ministry of Justice, or the Turkish Banking Regulation and Supervision Agency for resources and information.

Next Steps:

If you are considering filing for bankruptcy or facing financial difficulties in Turkey, it is important to seek legal advice as soon as possible. A lawyer can help you understand your options, navigate the bankruptcy process, and work towards a fresh start financially. Contact a reputable bankruptcy lawyer to discuss your case and determine the best course of action for your situation.

Lawzana helps you find the best lawyers and law firms in Turkey 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 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.