What happens if a check bounces? What are the legal and criminal consequences?
Introduction One of the most common payment methods in commercial life is the check. Checks are frequently used, especially in commercial transactions, for the payment of goods and services. A check is paid to a bank... Read More
Negotiable Instruments: The Debt Collection Process for Checks, Promissory Notes, and Bills of Exchange
Introduction For commercial transactions to be conducted quickly and reliably, payment methods must be reliable. In commercial transactions, parties often prefer to pay with cash instead of... Read More
We Issued a Promissory Note, But There's No Contract: How Can We Prove It?
1) Why do promissory notes cause problems in daily life? In everyday life, a promissory note (bond) is seen as "easy security": "Sign it, give it, and the job is done." Then things get complicated: "I...". Read More
Lost/Stolen Check: Notification to the Bank, Cancellation Lawsuit, and Precautionary Measures
1) Why is this issue critical? Although the loss/theft of a check may seem like "simple document loss," because a check is a valuable instrument, it can change hands;... Read More
Validity of Promissory Notes Taken When Lending Money: The Most Common Mistakes in Everyday Life and Their Legal Consequences
Introduction: Why are promissory notes preferred in debt relationships? In Türkiye, it is common practice to obtain promissory notes (bonds) when lending money, both in commercial relationships and in daily life... Read More
Sample Bankruptcy Petition for Bankruptcy Proceedings Specific to Negotiable Instruments
BANKRUPTCY CASE PETITION IN A PROCEEDINGS SPECIFIC TO NEGOTIABLE INSTRUMENTS TO THE DUTY PRIMARY COMMERCIAL COURT PLAINTIFF: ABC Makine Sanayi ve Ticaret A.Ş.... Read More
Electronic Check Application and its Future in Turkish Law
Electronic Check Application and Its Future in Turkish Law Introduction The global digital transformation is affecting all tools used in business life, including valuable ones... Read More
Recovery Action in Exchange Transaction Proceedings
Introduction to Restitution Actions in Bill of Exchange Proceedings According to Supreme Court Precedents: Bills of exchange (checks, promissory notes, bills of exchange) are considered reliable means of payment in commercial law. These... Read More
Removing Objections in Enforcement Proceedings and Means of Proof
Introduction to the Removal of Objections and Means of Proof in Enforcement Proceedings: Enforcement and bankruptcy law is the most important law enabling creditors to collect their debts with state guarantees... Read More
Defenses of Clearing and Set-off in Negotiable Instruments
Introduction to Clearing and Set-off Defenses in Negotiable Instruments In commercial life, negotiable instruments (checks, promissory notes, bills of exchange) are of great importance as a reliable means of payment... Read More