If the creditor cannot collect his receivable from the debtor due to a transaction, he can pursue his receivables through legal means by applying to the Enforcement Directorate. In legal language, this is called enforcement proceedings.
In such a case, the Enforcement Directorate sends a letter to the debtor to pay the debt after the necessary examinations. This letter is also called an execution order or notification in the legal language. The execution order is actually a payment order and includes the time period for the payment to be made. In the execution order issued by the Enforcement Directorate and sent to the debtor, the name and address of the creditor, the name and address of the debtor, the amount of the debt, the interest rate to be processed and the interest start date are included.
By making a notification, the Enforcement Directorate actually gives the debtor time to exercise his legal rights. If the debtor thinks that he has no debt, or thinks that the debt amount is wrong, or claims that the debt has already been paid, he can stop the enforcement proceedings by using his legal rights within the period given with the enforcement order.
If the legal rights have not been exercised or the debt has not been paid within the period given by the Enforcement Directorate, in this case the foreclosure process is initiated. Seizure is the process of determining the amount of assets sufficient to meet the amount of the debt and keeping a report under the supervision of the Enforcement Officer. In other words, with the lien, the debtor’s property and rights are seized by the Enforcement Directorate.
All these legal regulations, which are briefly explained, are included in the enforcement and bankruptcy law. This debt of the debtor, who cannot pay his debt, is tried to be met by confiscating the debtor’s movable and immovable properties by force of the state, based on the demand of the creditor.
Within the legal system, all companies carry out their activities in accordance with legal regulations. However, due to various negativities, they sometimes have difficulty in receiving their receivables from individuals or organizations. This causes them to suffer financial loss. Companies that cannot receive the receivables they deserve will seek their rights through the legal ways described above, but the important thing here is to determine the address of the debtor.it can be pushed. Otherwise, an enforcement proceeding or foreclosure will not be possible.
Large companies can make progress in this regard with their employees, but still, at the point where they are insufficient, getting service from a detective agency or research company is the best way to save time. Since the officials working in these organizations are experienced and experts, they get results in a short time. Today, the most demanded subject among research requests is enforcement research. On the one hand, the subject requires knowing the legal regulations, on the other hand, it requires reaching the conclusion by making use of even the smallest clues.
Since the person subjected to enforcement proceedings will already be aware of the situation long ago, he will transfer some of his assets to others with his own efforts and will try to hide himself. In this regard, research assistants will conduct executive research by knowing how to use the clues.
In order for the enforcement proceedings to run smoothly, it is necessary to determine the address of the debtor, to investigate the assets registered on it, to reveal the transfers of goods made before and after the notification. When the creditor persons or organizations proceed to enforcement proceedings with this information and documents, they will get faster and more accurate results.
As a result, enforcement proceedings and foreclosures are undesirable and have unpleasant consequences. But in terms of the law of obligations, the debtor is obliged to pay his debt. If he does not pay, he will suffer the consequences. Research institutions start working immediately upon the demands of the creditors who are in difficulty and share the results with the creditor in a short time. The only thing that private detective agencies or research firms need is to be given all possible information.
You can always apply to our company to learn about the doubts about research services or to get a service about enforcement research.
