Enforcement & bankruptcy · Legal information

Does a Concordat Moratorium Stay Enforcement Proceedings?

Author · Av. Ayşenur Konar, Avukat

Published ·

In short

A concordat moratorium is a court decision that, as a rule, stays enforcement proceedings running against the debtor. The sentence that it stays is not the same automatic result for every type of attachment and for every secured claim. The moratorium decision is not treated as having been entered so that it itself passes to the attachment in every office.

This note reads the provisional moratorium, the definitive moratorium, and the items that are separated, from the enforcement side. A number of days of the moratorium is not in this note. An action for bankruptcy is a separate door. There is no promise of an attachment date. It is not said that it stopped without a copy of the decision.

How the decision is entered at the office

The court's moratorium decision is not a situation the enforcement office knows on its own. The decision is entered at the offices concerned by way of service. A decision that has not been entered may not actually stop a bank attachment. The creditor may have asked for an attachment before hearing of the moratorium. If the date of the request and the date of the decision conflict, which one will be counted as the valid transaction is looked at in the minutes and in the line of the statute.

There is no automatic formula that the decision came out, so yesterday's attachment is gone. The same logic of entry also applies in a company file in Ankara. The register of the seat shows which enforcement office will stop. A Çankaya address does not widen the moratorium. If the register record and the party to the decision conflict, the conflict is written. The document of service shows the moment the office learned of it.

Which proceeding stays

Enforcement by general attachment for an ordinary claim is the typical area of the stay of the moratorium. Items such as a worker's claim, maintenance, or a public claim can carry a separate regime in the statute. A sentence that no creditor can do any transaction points the wrong way. Which item stayed is read from the text of the decision. If the decision does not write an exception, an exception is not assumed.

A secured creditor can look at the route of a mortgage or of a pledge of movables. The moratorium does not cut the realisation of the pledge at the same point in every file. The current article, the commissioner's opinion, and the court record stand together. This note does not freeze the special rule of the pledge. A provisional attachment is a temporary security that has not turned into a definitive attachment. The effect of the moratorium on a provisional attachment is a sentence separate from the stay of a definitive attachment.

What the creditor does in the stayed file

Opening a new enforcement, as a rule, does not produce a result while the moratorium continues. Having the claim recorded, the vote on the project, and correspondence with the commissioner are a separate channel. The recording is followed from the recording of a claim page. The order of collection inside the moratorium may not be a copy of the order before the moratorium. The petition should show the type of the claim and the supporting document.

Lifting of the moratorium, refusal of the project, or a turn toward bankruptcy are reasons the stay ends. These results can pass to the door of an action for bankruptcy. The fate of the attachment once bankruptcy is opened is followed from an attachment once bankruptcy is opened. When the stay ends, the old enforcement does not itself produce every attachment at the same time. The request may need to be renewed. On the debtor's side, the moratorium does not mean the obligation to pay has ended.

How the moratorium is read

This note asks whether the moratorium decision was entered on the enforcement file concerned. This note separates from the cover of the file whether the stayed proceeding is an ordinary attachment or the route of a pledge. This note looks at whether the provisional moratorium and the definitive moratorium were counted as the same decision. The two decisions are not read as an extension of each other.

A lawyer in Ankara who reads the moratorium first looks at whether the court decision was entered at the office. Even if the place where the commissioner is is Çankaya, the office does not change the competent directorate. Whichever directorate the file is in, the stay is entered on that record. The office address does not widen the scope of the moratorium. A decision that has not been entered does not itself lift the bank annotation.

The definitive moratorium and the project

The definitive moratorium is not told as an extension of the provisional moratorium. It needs a separate decision and conditions. If the project is accepted, the claims are tied to the project. If it is refused, liquidation or bankruptcy is spoken of. The enforcement office does not itself apply the text of the project. A partial payment or a new security does not bind the creditor before it is written on the moratorium file. An oral promise does not change the regime of the stay.

The text of the project should show which claim was tied to which order. A payment made before the order is written does not close the stayed file. The commissioner's writing does not stand in for the court decision. While there is no decision, a draft of the project is not treated as having stayed the attachment. The creditor looks for their recording separately on the commissioner's list. A claim that is not on the list has not itself entered the project.

Conclusion

A concordat moratorium, as a rule, stays enforcement proceedings. A pledge, a provisional attachment, and special heads of claim do not fit in the same sentence. Entry of the decision at the office is separate from hearsay. The general frame sits on the enforcement and bankruptcy law page. The official basis is the text of the Enforcement and Bankruptcy Code No. 2004. It is not said that the attachment stopped without the concrete moratorium decision.

Legislation

Frequently asked questions

Does the provisional moratorium produce the same effect as the definitive moratorium?

Both affect enforcement proceedings. Their scope and their times are read from the separate lines in the statute. The provisional moratorium is not an automatic extension of the definitive moratorium. It is not said that everything stopped before the commissioner's report and the court decision are entered on the file. The concrete moratorium decision is the basis.

Does a provisional attachment fall with the moratorium?

The statute regulates the effect of the moratorium on a provisional attachment separately. Not every provisional attachment is lifted in the same sentence. The text of the decision is read. The note on provisional attachment tells security and the removal of assets. This note is the effect of the moratorium on the proceeding.

Can a mortgage creditor continue the attachment?

A secured claim can stand in a different regime from an ordinary claim. Realising a mortgage is a special route. The moratorium may not stay every sale of a pledge in the same way. The contract and the moratorium decision are looked at together. There is no promise of an automatic ban on sale.

Why is the question of what a concordat is not here?

The definition and the difference from bankruptcy are in a separate note. This note takes up only the effect of the moratorium on enforcement proceedings. Writing the same decision a second time scatters the question of the stay.

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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