Turkey collection profile

turkey-bnr

 

Collecting in Turkey

  • The payment behavior of domestic firms has a significant margin for improvement and normal payment terms seem excessive. In fact, as a result of the trend in long payment duration, the value of unpaid receivables has grown considerably in recent years.

  • Domestic courts lack independence, the rule of law perception is moderate, and the chances of obtaining payment through legal action are lower than through strong pre-legal negotiation efforts.

  • Debt renegotiation proceedings before the courts are not generalized and when it comes to insolvency issues, liquidation remains the default proceeding even though liquidation sales rarely yield efficient results and may not be in the creditors’ best interest.

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    turkey

    Turkey

    Collection complexity

    very-high-2


    Collection relating to

    Payments
    $-3
    Court
    proceedings
    Gav-4
    Insolvency
    proceedings
    Arrow-2
     

    Turkey

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