Enforcement & bankruptcy · Legal information

What Is a Declaration of Assets in Enforcement?

Author · Av. Ayşenur Konar, Avukat

Published ·

In short

An asset declaration in enforcement is the debtor’s duty to notify the enforcement office of assets and income. It is not a promise to pay. The declaration stands apart from breach of an undertaking and from coercive imprisonment for maintenance. The warning in the payment order points to the declaration line. Attachment is not a seizure that takes the place of the declaration. Time and imprisonment are not in this text.

Failing to make the declaration does not erase the debt so that it will pass of its own accord. If the day and the term of imprisonment are not written in the file, they are not added to this text. The declaration does not take the place of an objection. An objection can stop the proceedings. The declaration can still be discussed separately in proceedings that have stopped.

Which paper the declaration arises from

The payment order contains a warning about the asset declaration. The scope and the period of the duty change with service and with the type of enforcement. General attachment without a judgment, and the negotiable-instrument or judgment route, may not fit the same declaration mould. The period is not written before the service slip is seen. Service shows which paper went to the debtor. If there is no service, a declaration hour is not built.

The declaration should not be thought of as an annex to the objection petition. An objection can stop the proceedings. The declaration can still be discussed separately in proceedings that have stopped. Writing the two in one sentence makes it unclear which one entered the record. Reading the payment order sits under a payment order arrived. The declaration is a separate line inside that paper. The creditor reads the declaration as a map of attachment. An empty declaration does not forbid attachment. An asset search and third-person attachment run separately. The petition does not mix the objection with the declaration sentence.

What is written and what is not

Income, a bank, movables, immovables, claims, and negotiable instruments are asked often in practice. The list of assets that cannot be attached is not permission not to declare them. A protected asset is declared in most files as well. Protection is raised separately at the moment of attachment. The list sits under assets that cannot be attached. If an asset belonging to a third person is written as the debtor’s asset, an ownership-claim file arises. The reverse, hiding one’s own asset by calling it someone else’s, produces a claim of a declaration contrary to the truth. The title deed and the registration are stronger than the declaration line.

The declaration must conform to the truth. If the line “I have no assets” conflicts with a bank, salary, or title record, a declaration contrary to the truth is discussed. A list that is knowingly wrong sits under a declaration of assets contrary to the truth. The register can show who the immovable belongs to. The register does not, by itself, close the question of whether the declaration is true. The document should show the record as at the date of the declaration. An asset acquired later does not carry the declaration day backwards. A new declaration or an attachment search is what is discussed. If the declaration day is not written in the file, it is not added.

Separation from an undertaking and from coercion

A payment undertaking is a payment plan inside the file between the creditor and the debtor. Its breach carries a separate sanction. The distinction sits under breach of an enforcement undertaking. An asset declaration is a photograph of what is owned. Not taking the photograph and breaking the plan are not the same act. Coercive imprisonment for maintenance is particular to the regime of maintenance under a judgment. The duty to declare assets is not told as a copy of coercive imprisonment for maintenance. Mixed language produces the wrong complaint petition. The decision is not built without separating, from the petition, which sanction is asked for.

The result of not making the declaration sits under if I do not make an asset declaration. If the term of imprisonment is not written in the file, it is not added to this text. The creditor requests, and the authority looks. The sanction is not told as if it were the same file as coercive imprisonment for maintenance or breach of an undertaking. The minute can state which day the declaration was left at the office. If there is no minute, a day is not assumed.

What the creditor asks for

The creditor does not have to give up the request for attachment while waiting for the declaration. The declaration does not produce a certificate of insolvency. If no assets are found, a certificate of insolvency is looked at under separate conditions. Correction of the declaration is made with a further petition and a date record. An oral account at the counter does not take the place of a written declaration. The application should document which asset was learned of later. An invoice can show a claim against a third person. An invoice does not prove of its own accord that the declaration is true. A contract can write a rent claim. A contract does not, by itself, defeat the line on which the debtor said there were no assets. Defeat looks at whether the record coincides with the date of the declaration.

Where the declaration is read from

The declaration petition and the service slip stand side by side, and this article does not add a term of imprisonment or a declaration day. An Ankara lawyer reads from the file record that the office being in Çankaya does not change the enforcement office competent for the asset declaration. This article does not call the declaration a payment undertaking. This article does not treat coercive imprisonment for maintenance as a copy of this duty.

Conclusion

An asset declaration is the written photograph of assets in the enforcement file. It is not a payment undertaking or coercive imprisonment for maintenance. Conformity to the truth weighs more than an empty “I have no assets” line. A day and a term of imprisonment are not written. The frame sits on the enforcement and bankruptcy law page. The official basis is the Enforcement and Bankruptcy Code No. 2004. The declaration period is not stated without the service document.

Legislation

Frequently asked questions

Does making a declaration of assets mean accepting the debt?

No. The declaration is notice of assets. It does not have to be treated as an acknowledgement of the substance of the debt. If the objection and the declaration are mixed in the same petition, the record can be spoiled. The payment order article explains the papers of the first day. The declaration does not take the place of the objection.

Are a payment undertaking and a declaration of assets the same?

They are not. An undertaking is a particular payment plan. Its breach is in the article on breach of an enforcement undertaking. A declaration of assets is notice of the assets and income that are owned. Melting the two in one minute confuses the ground of coercion.

Is it enough to say I have no assets?

The declaration must conform to the truth. If the line “I have no assets” conflicts with a bank, salary, or title record, a declaration contrary to the truth is discussed. An asset that cannot be attached is declared as well. Not declaring it does not provide protection automatically. The list is not left to memory.

What happens if I do not make the declaration?

The Act regulates separately the sanction for failing to comply with the duty to declare. A day and a term of imprisonment are not fixed in this article. The creditor requests, and the authority looks. The sanction is not told as if it were the same file as coercion for maintenance or breach of an undertaking.

Related reading

This article sits under one practice area. The neighbouring guides carry the detail that does not belong in this text.

Practice areas · Enforcement & bankruptcy

Sources

AK

Author

Av. Ayşenur Konar

Lawyer on the Ankara Bar Association roll, founder of Konar Hukuk. This text is general information; a specific file is reviewed separately. Author profile · Editorial policy

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