Enforcement & Bankruptcy Law
Balin Law provides comprehensive legal support to its clients regarding the collection of receivables and enforcement proceedings. Execution and bankruptcy processes play an important role especially in commercial life. Acting with the right strategies in these processes is of great importance for our clients to collect their receivables and secure their rights. Our team of experts provides professional services in areas such as enforcement proceedings, bankruptcy proceedings and defense of legal rights against debtors.
Collecting receivables is a critical process for securing the cash flow of businesses. When the payment terms set out in contracts with debtors are not fulfilled, legal remedies come into play for the collection of receivables. Balin Law initiates an effective enforcement proceeding process for its clients to collect their receivables. We ensure that our clients receive their rights in the fastest way possible by meticulously following the legal processes for the collection of receivables. Collection of receivables is ensured through enforcement proceedings, foreclosure proceedings and legal applications when necessary.
Sometimes debtors may have difficulties in paying their receivables. In this case, in order to collect our clients’ receivables certificate of incapacity may be required. A certificate of insolvency is an official document showing that the debtor is in insolvency and that the receivables cannot be collected. This document is an important tool to provide tax advantages to our clients and to collect their receivables more effectively. Balin Law manages the process of obtaining a certificate of insolvency, enabling our clients to make the most of these advantages.
In the event that enforcement proceedings are initiated by mistake or continue for illegal reasons, we also provide services for the suspension or cancellation of proceedings to protect the legal rights of our clients. During the enforcement proceedings, we determine the legal remedies to be applied to prevent illegal transactions and ensure that our clients are defended in an equitable manner. We carefully monitor every stage of the proceedings for the suspension or cancellation of enforcement proceedings in order to obtain favorable results for our clients.