In our country, the set of rules that officially determine the relations between the creditor and the debtor is known as the Enforcement Law. If the debtor cannot pay the debt on time in this process, the sanctions to be taken are determined by law. The creditor may know what to do in this situation. In other words, the rights of the creditor are determined in case of non-payment of the debt. Enforcement proceedings come into play in this process and the necessary sanctions are made and the debtor is ensured to pay his debt. Three terms are important within the scope of Enforcement Law;
Payee: A person who emerges from a debt situation and is required to repay the debtor’s debt.
Debtor: Person who is liable to pay a debt incurred to a creditor
Debt: The amount that a creditor will obtain from the debtor is called a debt.
If a debtor does not pay the debt that he is not obliged to pay at the specified times, the state takes over the situation. In this process, the creditor can take his debt through the court with a state sanction. Of course, some laws are applied in this process and the debt must be determined.
The types of lawsuits filed within the scope of Enforcement Law are as follows;
Objection to Payment Order: In case of a payment order, the Enforcement Offices receive objections within seven days after the payment is served. The debtor may object by stating his address in the country.
Objection to Signature: If the creditor is to have enforcement proceedings on a promissory note, the debtor may object if the signature under the bill is not himself. In this objection process, it is determined whether the signature belongs to the debtor.
Objection to the Debt: The debtor may also object to the debt in question. If you have an objection other than the signature, the bora becomes the subject of the objection cases.
Action for Cancellation of Objection: When an objection is made to the payment order in a lawsuit, the creditor may also file a lawsuit for the annulment of the debtor’s objection. An application for annulment of objection must be made within 1 year from the time the debtor’s objection is officially notified to the creditor.