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Turkish Regulation Enabling Debtors to Sell Their Own Seized Property Entered into Force - Vimarsana News

Turkish Regulation Enabling Debtors to Sell Their Own Seized Property Entered into Force

As elaborated in our previous article, significant amendments were introduced into the Bankruptcy and Enforcement Code numbered 2004 ["BEC"] on…

Turkish Regulation Enabling Debtors To Sell Their Own Seized Property Entered Into Force - Insolvency/Bankruptcy - Vimarsana News

Turkish Regulation Enabling Debtors To Sell Their Own Seized Property Entered Into Force - Insolvency/Bankruptcy

According to the Turkish BEC, sequestration officer determines the value of the seized property after seizing it. Registered properties, however, is appraised by experts authorized by the Ministry of Justice.

Source: mondaq.com