In short
The question of how a pledge is turned into money is the putting up for sale, through the special enforcement path, of a pledge of a movable or of a commercial enterprise. It is not a short copy of a land-registry mortgage. A sale day is not in this text. The pledge rule is read from the contract in the file and from the record of delivery. A rule that is not in the record is not invented.
An ordinary attachment queue is not built so that it will pass, by itself, into the priority of the pledge. Delivery or the register may be constitutive according to the type of pledge. A sentence of the contract does not stand, in every file, in the place of actual delivery. A mortgage is not the subject of this text.
How the security is created
In a pledge of a movable, delivery, or a register the statute accepts, is constitutive according to its type. A sentence that we are pledged, without the keys being delivered, does not create a custodian record in every file. In a pledge of a commercial enterprise the register line is the basis. It is not said that there is a pledge of the enterprise before the register is seen. If the contract writes the subject of the pledge, the maximum amount and the notice of default, those lines are read. If the subject is uncertain, the sale notice is broken. A pledge of an enterprise is not spread onto property that does not exist before the stock list is updated. A figure for the maximum amount is not in this text. If the amount stands in the document, that document is read.
The document should show to whom and for which property the delivery was made. If there is no document, delivery is not assumed. An invoice may show the purchase of the property. An invoice does not stand in for the pledge contract. A minute may write who the possessor is. If there is no minute, possession is not widened. The decision ties whether the pledge was created to delivery or to the register. Before there is a decision, the sale path is not treated as having been chosen.
Why the special path is chosen
Priority for the pledge creditor is protected by the special path. Entering the queue of an ordinary attachment carries a risk of falling behind on the order table. The choice of path comes before the character of the document. A payment order on this path may be read differently from the formula of a general attachment. The staying effect of an objection is looked at against the special path. The difference between enforcement on a judgment and without a judgment is the general distinction. The pledge procedure is discussed here. A number of days is not added.
Possession by a third person may open a debate on delivery of the pledge, not on a claim of ownership. If the possession minute conflicts with the contract line, the two are read together. The petition should separate which property is pledged and by which path it will be asked for. If the two paths are melted in the same sentence, the priority becomes faint. The application should write the choice of path before the pledge document. If there is no choice, an ordinary attachment is not treated as having taken the place of the pledge. Service separates, from the annotation, whether the payment order went to the pledge debtor. If there is no annotation, service is not assumed.
The sale and the custodian
The pledged property may stand with a custodian or in the creditor's possession. A cost of preservation may be deducted from the sale price. The cost does not silently inflate the principal claim. It asks for a line of account. The figure of the cost is not in this text. The notice, the valuation and setting aside after the auction are under their own headings. The pledge document does not rewrite the auction procedure. A sale day is not completed if the notice is not in the file.
A partial payment may narrow the scope of the pledge. Release is completed by the register or by the return of delivery. An oral promise that the pledge has come off does not stop the sale notice. The contract is not treated as having erased the pledge without a record of release. The auction price is not treated as having passed to the creditor before it enters the order table.
Mixing with a mortgage and with an attachment
The same vehicle may appear both pledged and attached. The pledge record is read first, then the annotation of attachment. The reverse order may change the priority. Registration in the traffic register does not stand in for the pledge contract. The two stand together. Attachment of a vehicle is a seizure that is not a pledge. A land-registry mortgage stands under turning a mortgage into money. It is not recounted with the same skeleton. A bank and a private creditor may be on the same statutory path. The notice of default may be different. A general credit contract does not stand in for delivery of the pledge.
Where the pledge is read from
The pledge contract and the record of delivery stand side by side, and this article does not invent a sale day or a pledge rule. Counsel in Ankara reads from the document that the office being in Çankaya does not change the competent authority. This article does not count a mortgage as a copy of a pledge of a movable. This article does not put an ordinary attachment in the place of turning a pledge into money.
Conclusion
How a pledge is turned into money is answered by the special path of a security over a movable or a commercial enterprise. A mortgage and an ordinary attachment are not recounted in the same skeleton. A sale day, and a pledge rule that is not in the file, are not written. The frame stands on the enforcement and bankruptcy page. The basis is the Enforcement and Bankruptcy Law.