Foreign Creditors and Their ‘Bad Debts’ in Turkey

The bad debts are usually referred to as uncollectible accounts or irrecoverable debts. It also means that you can register this amount as doubtful account expenses. Each country has its own rules and regulations regarding this process. In Turkey you need to start legal action against the debtor. What are the methods of recording the ‘bad debts’?  In most countries, there are 2 options […]


World trade has come a long way from the silk road based international trade. In those times, doing business internationally was incredibly laborious and time consuming. That is why there were not too many merchants doing business internationally but the ones who did were relatively reliable and respected. Therefore, they were not expected to trick […]

How to do it? – Debt Collection in Turkey

Prelegal debt collection via a collection agency is still a developing way of recovering debts. Turkey is the one of newest friend of this industry. Most of Turkish people still do not know about the concept of ‘ inkaso’ and also how do inkaso companies (debt collection agencies) operate. Why it is important to find […]