Glossary

İİK

Enforcement and Bankruptcy Law No. 2004

Pronounced: ee-ee-KAH

The Turkish statute governing how debts are collected by force — enforcement proceedings, attachment, sale and bankruptcy.

What it means for you

Almost everything that happens after "they are not paying" runs through this law: the payment order, the objection, the attachment of assets, the sale, and the bankruptcy route for merchants.

Commonly confused with

The number 2004 is the law's number, not a year. It has been amended many times since.

Where you meet this word

Cited on enforcement documents and in any Turkish debt-recovery strategy.

Statute: Enforcement and Bankruptcy Law No. 2004

How we help with this: Debt Collection & Enforcement

Related terms

← All Turkish legal terms

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