Tag: insolvency lawyer Turkey

por lawyerfbc
December 19, 2025

Director & Manager Duties in Financial Distress in Turkey: What to Do Before Insolvency Hits

When a company in Turkey enters financial distress, the legal risk landscape changes fast. Decisions that would be normal in good times—paying one supplier first, selling assets quickly, taking new orders, borrowing short-term—can become high-risk if insolvency is looming. For foreign-owned companies, this “danger zone” is even more sensitive because documentation gaps, related-party payments, or […]
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por lawyerfbc
December 19, 2025

Bankruptcy in Turkey: Procedure, Timeline, and What Creditors & Directors Should Know

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 […]
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por lawyerfbc
December 19, 2025

Company Liquidation and Insolvency in Turkey: Liquidation, Bankruptcy, and Concordat

Sooner or later, every business faces a strategic question: continue, restructure, sell—or exit. In Turkey, exiting a company is not “just closing the doors.” The legal route you choose—voluntary liquidation, bankruptcy, or concordat—has different consequences for shareholders, managers/directors, creditors, and ongoing contracts. This article explains company liquidation and insolvency processes in Turkey in a practical, […]
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