Company liquidation services in Turkey
Company liquidation, often called winding up or dissolution, is the process of shutting down a company and allocating its assets to its creditors and shareholders. This procedure is usually initiated when a company cannot sustain its operations, whether because of financial troubles, insolvency, or a choice made by its owners.
The main objective of liquidation is to resolve a company’s affairs systematically, settle its liabilities, and allocate any leftover assets to its stakeholders.
Liquidate the company with us
Should you be considering liquidating your company in Turkey, our team of experts is prepared to assist you. Easily maneuver through the intricacies and ensure a smooth, efficient liquidation process. Take advantage of our in-depth expertise for a hassle-free dissolution. Our skilled professionals manage all facets, such as documentation, creditor claims, and distribution of assets. Reach out to us today to talk about your liquidation requirements and guarantee a successful wind-up in Turkey.
Expert guidance at every step
During the business liquidation process in Turkey, our committed team of specialists stands ready to assist you, offering guidance, support, and expertise. From the first consultation to the concluding phases of dissolution, we are dedicated to ensuring that your experience is as smooth as possible. Our extensive range of services is tailored to cover all aspects of the liquidation process, guaranteeing that you obtain the necessary assistance at every step. With our team, you can navigate the challenges of liquidation with confidence, secure in the knowledge that experienced professionals are managing your case with attention and accuracy.
Personalized strategy
We customize our approach to address your unique requirements and goals, ensuring that your insolvency plan is in line with your expected results. This individualized strategy guarantees that each phase of the liquidation process is focused on successfully attaining your objectives.
Legal compliance
Our team expertly maneuvers through Turkey’s intricate legal framework, guaranteeing that every document, filing, and procedure adheres to local laws. We carefully manage all legal obligations, minimizing the chances of issues arising and facilitating a seamless process.
Financial expertise
Equipped with comprehensive financial knowledge and valuation skills, we optimize asset value and reduce financial risks during the liquidation process. Our financial strategies are tailored to safeguard your interests and improve the value of your assets.
Effective communication
We prioritize clear and effective communication with all stakeholders, which helps to promote a smooth and efficient insolvency process. Our strategy ensures that everyone remains informed and involved, reducing the potential for misunderstandings and fostering collaboration.
Specialized solutions for different legal entities
Our tailored solutions address the distinct needs of different legal entities in Turkey. Whether you are in the process of liquidating:
We tailor our approaches to align with the particular legal and financial complexities of your business structure. This guarantees a streamlined and compliant liquidation process that is tailored to the requirements of your entity. Rely on our expertise to navigate the unique challenges of your business type, offering you a smooth and efficient wind-up.
Alternatives to liquidation
In addition to liquidation, companies have other options they can explore:
Selling the company
Rather than shutting down, a company might consider the possibility of selling its business operations or assets to another organization.
Administrative receivership
If a company defaults on secured debts, a creditor with a floating charge on the company’s assets has the right to appoint an administrative receiver to oversee and sell those assets in order to settle the debt.
Company voluntary arrangement (CVA)
This entails suggesting a formal arrangement with creditors to settle debts over a designated timeframe, while enabling the company to keep operating.
Administration
Administration permits a company to reorganize itself to avoid insolvency, enabling it to keep operating while being overseen by an administrator.
Director disqualification and company name restrictions
Directors may undergo disqualification proceedings if they are determined to have participated in misconduct or fraudulent activities that result in the company’s liquidation. Such disqualification can prevent them from serving as directors of other companies for a set duration. Additionally, following liquidation, there are limitations on reusing the company name. The name may not be reused for a new entity unless authorized by the court or a designated timeframe has elapsed.
Our attorneys can assist you with any of the following:
- Getting ready the paperwork needed to start the liquidation procedure.
- Removal of the business from the commercial register.
- Designating a professional liquidator to fulfill your needs.
Contact us now
Get in touch with us and allow our expert team to guide you through a successful business insolvency in Turkey. Together, we will adeptly manage the process, guaranteeing the best results and a seamless move to your next venture.