Debt Recovery & Enforcement
Enforcement, Insolvency & Creditor Advisory
Mermeroglu Legal advises creditors, lenders, debtors and insolvency practitioners across the full spectrum of debt recovery, enforcement and insolvency proceedings under Turkish law. The firm's practice combines technical expertise in enforcement procedure with commercial judgement — helping clients pursue effective recovery strategies or navigate financial distress in a legally sound and strategically considered manner.
From initiating enforcement proceedings and negotiating out-of-court workouts through to formal insolvency, konkordato proceedings and cross-border recognition of judgments, the firm provides coordinated advice that addresses both the legal mechanics and the commercial dynamics of each situation.
The firm also advises on distressed transactions — including NPL portfolio acquisitions, distressed asset sales and director liability exposure — bringing together enforcement law, corporate law and transactional expertise to support clients operating in complex credit and insolvency environments.
Service Areas
Out-of-Court Restructuring
Legal advisory on voluntary debt restructurings negotiated outside formal insolvency proceedings — covering standstill agreements, intercreditor arrangements, debt-for-equity conversions and consensual restructuring frameworks between debtors and their creditor groups.
Konkordato (Concordat) Proceedings
Representation of debtors and creditors in Turkish concordat proceedings under the Enforcement and Bankruptcy Law — covering application preparation, provisional and final concordat moratorium, creditor committee participation and court approval procedures.
Insolvency Representation (Debtor & Creditor)
Legal representation of both debtor and creditor parties in insolvency proceedings — advising on proof of debt, creditor claims, priority rankings, avoidance actions and negotiation of recovery arrangements within the insolvency framework.
Bankruptcy Proceedings
Advisory and representation in bankruptcy proceedings under Turkish law — including filing for bankruptcy, defending against bankruptcy petitions, asset realisation, trustee liaison and management of creditor claims through the liquidation process.
Enforcement Proceedings (İcra Takipleri)
Initiation and management of enforcement proceedings through Turkish execution offices — covering general enforcement, enforcement via court judgment, precautionary attachments, asset seizure and auction procedures under the Enforcement and Bankruptcy Law.
Kambiyo Senedi Tahsili (Çek, Bono, Poliçe)
Legal recovery of negotiable instruments including cheques, promissory notes and bills of exchange through expedited enforcement proceedings — covering protest procedures, execution follow-up and criminal complaint processes for dishonoured instruments under Turkish law.
Cross-Border Recognition & Enforcement
Legal proceedings for the recognition and enforcement of foreign court judgments and arbitral awards in Türkiye — and for the enforcement of Turkish judgments abroad — covering exequatur procedures, reciprocity requirements and applicable bilateral treaty frameworks.
Non-Performing Loan (NPL) Transactions
Legal advisory on the acquisition, disposal and management of non-performing loan portfolios — covering loan and security due diligence, transfer mechanics, regulatory notifications, debtor communication requirements and post-transfer enforcement strategy.
Distressed Asset Sales
Legal support for the acquisition and disposal of distressed assets — including real estate, business assets and receivables portfolios — covering transaction structuring, title due diligence, enforcement sale procedures and post-acquisition risk management.
Director Liability in Insolvency
Advisory on director and officer liability arising in the context of financial distress and insolvency — covering obligations to file for bankruptcy, liability for company debts under Turkish Commercial Code and Enforcement and Bankruptcy Law, and defence strategies in creditor claims against management.
Workout Negotiations
Legal support in multi-creditor workout negotiations — representing lenders or borrowers in structured discussions aimed at achieving consensual debt resolution, including preparation of term sheets, restructuring agreements and intercreditor protocols.