Kaçar is a one stop shop for any bankruptcy related matter. We provide efficient solutions for companies with financial difficulties and their creditors in restructurings and bankruptcy liquidations.
Kaçar’s practice is fully focused on bankruptcy law in Turkey and we regularly represent debtors, secured and unsecured creditors, investors and shareholders through restructuring and bankruptcy processes including but not limited to postponement of bankruptcy, composition, debt restructuring and bankruptcy liquidations.
Our main goal is to maintain the proper practice of Turkish Restructuring and Bankruptcy Law in the light of our experience and global approach while acting for the welfare of our clients and bankruptcy estates.
In Turkey, bankruptcy proceedings can be commenced either by a debtor or one of its creditors. We consult debtors in bankruptcy decision making processes and regularly represent them in commencement of voluntary liquidations.-
For every creditor commencing a bankruptcy proceeding against its debtor, an in-depth-analysis is required. Consequences of a bankruptcy decision should be assessed seriously. Therefore we use all of our resources and knowledge before pushing the start-button. For creditors who want to place their debtors into involuntary liquidations we firstly check the requirements, assess the possible effects of liquidation and then report in detail. Our creditor representation generally includes both bankruptcy litigation and liquidation process as a bankruptcy administrator.