When a debtor cannot pay on time in Turkey, the best outcome for both sides is often not immediate enforcement, but a structured debt restructuring agreement. Creditors want recoverability and leverage. Debtors want time without losing the business. The problem is that many “installment agreements” are drafted informally—one-page promises, vague dates, no security, and no […]
A mortgage in Turkey (ipotek) is one of the strongest security tools creditors can use—because it ties repayment to a tangible, high-value asset: real estate. Whether you’re a bank lending to a company, a supplier agreeing to installments, or an investor trying to secure a shareholder loan, a properly structured Turkish mortgage can dramatically increase […]
Even strong contracts don’t always guarantee payment. In Turkey, when an invoice remains unpaid or a debtor stops responding, creditors typically move from negotiation to debt collection and enforcement (icra). The key is speed and documentation: the earlier you act and the cleaner your evidence file is, the stronger your recovery position usually becomes. This […]
When a company in Turkey is under heavy debt pressure but still has a viable core business, bankruptcy is not always the best (or only) outcome. Concordat in Turkey (konkordato) is a court-supervised restructuring mechanism designed to give the debtor time and legal protection to negotiate a payment plan with creditors. For many businesses, concordat […]
When a company in Turkey cannot pay its debts as they fall due, the situation can quickly shift from a commercial problem to a legal crisis. The word “bankruptcy” (iflas) is often used loosely, but in practice bankruptcy in Turkey is a structured legal process with major consequences for the company, creditors, and—indirectly—management decisions made […]