Law & Regulation
Enforcement and Bankruptcy Law
The statute governing enforcement of debts, bankruptcy and concordat (restructuring) proceedings in Türkiye.
Legal Significance
What This Instrument Does
Regulates enforcement proceedings, enforcement of pledges and mortgages, bankruptcy and concordat restructuring.
Why It Matters
Lenders rely on it to enforce security and to understand how a distressed project company or contractor would be restructured.
Legal Framework Position
- Insolvency / BankruptcyPrimary / Framework Instrument
Instrument Overview
- Official Citation
- Law No. 2004 (İcra ve İflas Kanunu), adopted 9 June 1932, Resmî Gazete 19 June 1932, No. 2128; as substantially amended
- Instrument Type
- Law / Act
- Source Language
- Turkish
- Enactment Date
- 9 June 1932
- Last Verified
- 1 October 2026