The Postponement Process Of Bankruptcy And Recovery Project
İflasın Ertelenmesi Sürecinde İyileştirme Projesi

Author : Hacı Ali YILMAZ -& Erkan ALSU
Number of pages : 97-102

Abstract

Bankruptcy refers to the end of the existence of financial companies experiencing financial difficulties. In the face of the consequences of bankruptcy, companies are affected not only by themselves but also by the lenders, employees, traders and even the market in which they are involved. A capital company or cooperative that is facing the threat of bankruptcy, in the case of bankruptcy postponement institution, the financial situation should not go to a worse situation compared to the time when the postponement decision is made. The bankruptcy postponement institution is very important when the company gets the recovery measures and gets rid of the situation being in debt and at the same time the protection of the rights of the creditors and when it is counted with the support to the economy. In addition, the possibility of continuing the activities of the company and the possibility of damaging the rights of the third parties are considered as a possibility of bankruptcy postponement institution.

Keywords

Bankruptcy, postponement of bankruptcy, recovery, be in debt.

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