Apply for bankruptcy in Turkey
In Turkey, companies experiencing economic distress, financial challenges, or unable to meet their debt obligations may opt to file for bankruptcy. By declaring bankruptcy, businesses can restructure their operations and seek relief from creditors to improve their financial situation.
Our knowledgeable team and empathetic approach offer thorough support and guidance during the bankruptcy process. Take advantage of our specialized advice and customized assistance designed to suit your individual situation. We will aid you with paperwork, legal representation, and help you create a plan for financial rehabilitation.
Bankruptcy application and assistance
The group of experts aids you in exploring your choices and determining the most suitable solution for your specific circumstances when declaring bankruptcy in Turkey. Rely on us to handle the complexities of the process, ensuring you achieve financial stability and tranquility. Below are various approaches to filing for bankruptcy in Turkey and the ways in which our organization can assist you.
Voluntary bankruptcy
If you find yourself unable to meet your debt obligations, you can initiate the process of declaring voluntary bankruptcy. Regardless of your choice to file for voluntary insolvency, our specialists provide you with professional guidance as you assess the state of your finances.
Creditor petition
Sometimes, creditors file a bankruptcy petition when the borrower does not meet their repayment obligations. In this situation, our responsibility as your attorney is to advocate for your rights and negotiate with collectors on your behalf.
Reorganization and debt restructuring
The team focuses on creating detailed financial rehabilitation strategies. We will collaborate with you to evaluate your debts, negotiate with creditors, and formulate a manageable repayment plan that helps you achieve financial stability.
Legal representation
The team provides extensive legal support, giving you a committed group of experts who are well-versed in the complexities of Turkey’s bankruptcy laws.
Company liquidation
In specific circumstances, liquidation may be the best option for a business facing difficulties. Our specialists will assist you throughout the liquidation procedure, making sure that all legal stipulations in Turkey are met. We will help you finalize your company’s dealings, allocate assets to creditors, and resolve any outstanding legal and financial responsibilities. Our aim is to facilitate a seamless and hassle-free process, enabling you to concentrate on your future plans.
Alternatives to bankruptcy
When encountering financial difficulties, bankruptcy is not necessarily the sole solution. At our expert solutions, we recognize that investigating other options can lead to financial recovery without resorting to insolvency. In Turkey, two alternatives include debt agreements and personal insolvency agreements. Allow us to assist you in navigating these choices and identify the most suitable solution for your situation.
Debt agreements
We focus on debt negotiation and serve as your intermediary, collaborating with your creditors to lower interest rates, prolong payment terms, and possibly decrease the total debt amount.
Personal insolvency agreements
The team helps you create a thorough proposal that considers your financial circumstances and outlines a feasible repayment strategy. We’ll engage in negotiations with your creditors for you, aiming to secure their approval of the suggested terms.
Importance of guidance and consultation
Make informed financial choices by acknowledging the necessity of consulting with a debt adviser prior to making any significant moves. We stress the importance of obtaining professional assistance to handle daunting financial difficulties. By working with a debt adviser, you receive expert evaluations, customized guidance, in-depth advice, legal and financial knowledge, as well as emotional support. Our dedicated team of debt advisors evaluates your specific circumstances, provides personalized solutions that align with your goals, and helps you analyze the pros and cons of various debt relief options. They can assist you in making decisions that protect your rights, maximize your advantages, and pave the way for a brighter financial future. Reach out to a debt advisor today to avoid facing financial challenges on your own.
Contact us
Are you ready to take control of your financial future? Arrange a consultation with our experienced team today! Our dedicated professionals are here to offer tailored guidance based on your specific situation. To book your appointment, simply fill out the form below, and one of our qualified specialists will reach out to you promptly. Begin your journey towards financial recovery now; don’t delay any further!