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Turkish law topic · 1 article

Composition with Creditors

Borçlarını ödeyemeyen veya ödeyememe tehlikesi altındaki borçlunun, alacaklılarıyla anlaşarak borçlarını yeniden yapılandırdığı mahkeme denetimindeki süreç. Geçici ve kesin mühlet boyunca takipler kural olarak durur; proje alacaklıların kabulü ve mahkemenin tasdiki ile bağlayıcı olur.

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Insolvency of a Turkish Debtor: What Foreign Creditors Should Do

When a Turkish debtor becomes insolvent or enters composition proceedings, foreign creditors must register their claims and follow specific Turkish insolvency procedures to have any realistic chance of recovery.

Related Legislation

  • İİK m. 285
  • İİK m. 287
  • İİK m. 289
  • İİK m. 308

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Alternative routes
Bankruptcy Proceedings in TürkiyeCapital Loss and Insolvency of Companies
Related topics
Attachment of AssetsLoan and Credit Agreements in Türkiye

This topic supports our Debt Recovery from Turkish Companies service.

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