All Regulations Are Regulated by the Enforcement and Bankruptcy Law.
Enforcement literally means doing, fulfilling, and carrying out a task. In common language, it is used to mean the collection of the debt by the creditor through a judicial institution in case of non-payment of the debt.
The state is the only institution that can force the debtor for debt collection. Apart from this, no other sanction is accepted, and all regulations related to the subject are regulated by the enforcement and bankruptcy law.
The Auction Method is Applied.
The properties seized as a result of enforcement proceedings are sold by auction through public announcements. By following these auction announcements, there is an opportunity to own movable and immovable properties and vehicles offered for sale by paying much less than their market value. You can get all the necessary details for enforcement auctions from the icraturk.com website.
www.icraturk.com
