The functioning and procedural rules of Enforcement Law are primarily regulated by the Enforcement and Bankruptcy Law and are supported by other relevant laws and regulations. Individuals having difficulty collecting their receivables can initiate enforcement proceedings against debtors by applying to enforcement offices with the support of enforcement lawyers. Even if creditors do not have any document, proceedings can be initiated against the debtor through non-judicial enforcement. The debtor has the right to object within 7 days after receiving the payment order. If no objection is made, the enforcement becomes final and creditors can seek their rights through seizure. In case of objection, the creditor can prove and collect their receivable by filing an annulment of objection or, if conditions permit, a removal of objection lawsuit through an enforcement lawyer. In cases of unjust objections, it is also possible to claim enforcement denial compensation at a rate of 20%.
Holders of negotiable instruments (such as checks, promissory notes, bills of exchange) can also protect their rights by conducting negotiable instrument enforcement proceedings with enforcement lawyers. Especially in cases where there is a risk of asset concealment by the debtor, precautionary attachment without prior notice to the debtor on movable and immovable properties is a commonly used method.
On the other hand, companies wishing to reduce risks in commercial life sign mortgage or pledge agreements with debtors. When the debt is unpaid, enforcement proceedings targeting the mortgage are initiated to collect the receivable. This enforcement method constitutes a special area of enforcement law applications involving the conversion of the mortgage into cash and is carried out with the support of an enforcement lawyer.