What is an Injunction in General?
A precautionary attachment is a temporary legal protection that allows the debtor’s assets to be seized by court order in order to secure the outcome of current or future proceedings regarding the creditor’s receivables. The creditor requests a precautionary attachment with an appropriate petition from the competent court based on its born or unborn receivables, and if the court accepts this request, it decides that the creditor must deposit a collateral ranging from 10 percent to 15 percent. It is not possible for the court to issue a precautionary attachment order without the deposit of this collateral. Although the right of pledge is generally applied as a temporary legal protection for money receivables in the enforcement law, for example, within the framework of bankruptcy and annulment of dispositions cases, it is analyzed in this section since it is mainly applied in and in connection with the enforcement law.