Concordat is a legal process offered to reorganize the financial structure of debtor businesses and pay their debts. Başıbüyük Law Office provides comprehensive legal support with its experienced lawyers during the concordat process.

Concordat is a legal solution that enables the debtor to restructure its debts and gain solvency by agreeing with its creditors.

– Ordinary Concordat

– Concordat by Abandonment of Assets

– Concordat for Capital Companies and Cooperatives

Legal support in the concordat process is critical for the execution of the transactions within the legal framework. Başıbüyük Law Office offers professional support in the following areas:

Detailed examination of the client’s financial structure and assessment of whether the client is eligible for concordat application.

Preparation of the concordat request, procurement of the necessary documents and management of the application process.

Establishing the debtor’s payment plan and conducting settlement negotiations with creditors.

Defending the concordat request in court and protecting the client’s rights.

Concordat offers debtors the opportunity to reorganize their financial structures and pay creditors, while providing many advantages:

– Debt Restructuring: Debts are spread over a long term with a payment plan.

– Legal Protection: The declaration of concordat provides protection against enforcement proceedings.

– Continuation of Business Activities: Companies have the opportunity to recover economically by continuing their activities.

Başıbüyük Law Office provides comprehensive and effective solutions to its clients in concordat processes in Gebze and Kocaeli.

– Preparation of the concordat request

– Debt restructuring strategies

– Settlement negotiations with creditors

– Management of court proceedings

How long does the concordat process take?

The concordat process can take approximately 3-12 months from the filing of the application.

Which documents are required for concordat?

Documents showing the debtor’s financial situation, such as a balance sheet, income statement and payment plan are required.

What is the difference between concordat and bankruptcy?

While concordat provides for the structuring of debts in order for the business to continue its activities, bankruptcy means the liquidation of the business.

If you need legal support for your concordat process, contact Başıbüyük Law Office.

Phone: +90 545 789 44 05

E-mail: info@basibuyukhukukburosu.av.tr

Secure your business by getting professional support in your concordat processes!