Can the Creditor Claim From the Debtor for Costs of Debt Collection in Turkey?
For the amicable stage, the creditor shall pay the attorney fees and relevant expenses and the debtor shall not have any obligation regarding paying the attorney fees, success fees, commissions, costs or other expenses.
If the debt shall be collected by the legal stage, the debtor is obligated to pay the principal amount, interest, and attorney fees determined by relevant bar associations – which is different than the commission amount the attorney gets from its client -, litigation expenses and other related costs.
Contributor: Emre Aslan
Position/Title: SENIOR LAWYER
For more posts contributed by Emre Aslan and ANTROYA DEBT COLLECTION & LAW OFFICE, please click here.
The Q&A Global is a special column run by CJO Global, and serves as a knowledge-sharing platform to facilitate peer learning and networking, and to provide the international business community with a global landscape of this industry. This post is a contribution from Antroya Debt Collection & Law Office. Antroya, headquartered in Istanbul, Turkey, has been working in the field of debt recovery dating back to 2005. They work with the world’s leading financial services companies and groups, who have the global largest network in International Receivables, and they are a member of several world's leading debt recovery networks.