It is the branch of law related to the confiscation upon the demand of the creditor by the state of the movable and immovable assets of the debtor who does not pay its debts. This field is regulated in Turkey by the Enforcement and Bankruptcy Law No. 2004.
The execution refers to the procedures by the state to make the debtor pay its debt. The creditor who does not get its receivables may on its sole discretion choose a way of execution with and without warning. In case of warning, the creditor obtains a warrant from a court of law and seeks ways to get its receivables. In the absence of any warrant, the creditor does not have any court orders. It applies directly to the authorized executive office and seeks issuance of a payment order for the debtor who has not paid the debt. The execution without any warning is also called the follow-up through ordinary sequestration.