Notice – Payment Of The Bond Price
WHAT IS A PROTEST FOR NON-PAYMENT ON A PROMISSORY NOTE?
NON-PAYMENT OF PROMISSORY NOTE
The authorized bearer who holds the bill must fulfill certain conditions in order to exercise the recourse rights arising from the bill. Upon the failure of the presentation made to the debtor for the payment of the policy or bill, a protest of non-payment must be issued in order to exercise the rights of recourse. If the bill is not paid, a protest of non-payment must be drawn within the time limit in order to apply to the endorsers. If the non-payment protest is not issued in due time, the right of application is lost. A protest of non-payment is extremely important in order to collect the unpaid promissory note. If the non-payment protest is not drawn, the promissory note creditor loses the right to apply to the endorsers. In order to avoid loss of rights, it is beneficial to work with a Mersin Enforcement Lawyer specialized in the fields of Enforcement and Bankruptcy Law, Commercial Law. Our law firm serves as an Execution Lawyer, Commercial Lawyer, Enforcement Lawyer in every city of Turkey, especially in Mersin and Adana provinces.
WHAT HAPPENS IF A PROTEST FOR NON-PAYMENT OF A PROMISSORY NOTE IS NOT DRAWN?
In case of non-payment of the promissory note, if the non-payment protest is not drawn, the promissory note creditor loses the right to apply to the application debtors. You can contact our office as Mersin Enforcement Attorney to draw a non-payment protest for unpaid promissory notes. We provide the best service to our clients in the best way in the issues of promissory note protest sample, unpaid promissory note protest sample, unpaid promissory note enforcement proceedings, collection of unpaid promissory note.
HOW LONG IS THE PROTEST PERIOD?
The non-payment protest is drawn within two business days following the day of payment. Non-payment protest cannot be drawn on the day of payment of the promissory note. As Mersin Commercial Lawyer and Mersin Enforcement Lawyer, we serve our clients in the best way to collect the unpaid promissory note. The protest is drawn from the notary public. Please contact our Mersin Law Office for an example of a protest and a sample of a promissory note.
WHAT TO DO IF THE PROMISSORY NOTE IS NOT PAID?
If the promissory note is not paid, the creditor may initiate enforcement proceedings by way of attachment specific to bills of exchange. With the finalization of the enforcement proceedings initiated against the debtor of the promissory note, the debtor’s salary, house, car, bank accounts can be seized. Enforcement proceedings must be initiated to collect unpaid promissory notes. With the finalization of the enforcement proceedings initiated against the debtor who does not pay the promissory note debt, the assets of the debtor are seized. The salary of the person who does not pay the promissory note debt can be garnished. We provide Mersin Enforcement Attorney services to our clients in the best way for the collection of unpaid promissory notes, unpaid promissory note enforcement proceedings, non-payment of the promissory note, initiation of enforcement proceedings.
Dunning Notice – Payment of the Bills
…. …. NOTARY
NOTICE
NOTIFIED BY :
ADDRESS :
AGENT :
ADDRESS :
NOTIFIED :
ADDRESS :
SUBJECT OF NOTICE : It is about the notification of our request for payment of the bond amounts.
EXPLANATIONS
1-) Pursuant to the sales contract you made with our client on …/ …/ … date, you have given three bonds with a value of …….. TL, …../…./…./…. date and ……. number, …../…../….. date and …. number, ….. TL, …../…./…./…. date and …. number …..TL.
2-) Based on the long-term business relationship between you and our client, due to the fact that you have declared that you are in economic distress, our client has been understanding about your payment of the bonds although they are due and no action has been taken until today. However, due to the fact that our client has also fallen into cash difficulties, it has become necessary to notify you for the collection of the bond amounts in question.
3-) Since we believe that you will fulfill your legal responsibilities, it has been deemed appropriate to warn you by communicating the situation for the last and one more time without taking legal action. We hereby notify you to pay the amount of the three bonds with the dates and numbers written above within …. days from the notification of this notice to you, otherwise we will take legal action against you, court costs and attorney fees will be charged to you. …/ …/ …
DEAR NOTARY
We, as the attorney of the notifier, respectfully request that one copy of this notice, which consists of three copies, be kept in your office, one copy be served to the addressee through the officer, and a copy bearing the notice of service to the addressee be given to us. …/ …/ …
WARNING AGENT