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Bankruptcy Postponement and Panoramic Analysis on Bankruptcy Postponement Litigations in Turkey Between 2009-2013

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  • Güven Sayılgan

    (Ankara University)

  • Arslan Ece

    (Ankara University)

Abstract

Bankruptcy postponement is regulated by articles 376-377 of turkish commercial code and 179 of execution andbankruptcy code. It is a legal remedying process developed torecover “insolvent” capital stock companies from bankruptcy bycorrecting their financial situation under trustee management,should court finds the proposed “improvement plan” convincing.this study aims to profile the postponement litigations filed in turkeybetween 2009-2013. During that period, 2.712 litigations werefiled, 1.921 of them were concluded. Litigations were concludedin 285 days on average where postponement was accepted for30% while refused for 48%.

Suggested Citation

  • Güven Sayılgan & Arslan Ece, 2016. "Bankruptcy Postponement and Panoramic Analysis on Bankruptcy Postponement Litigations in Turkey Between 2009-2013," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 31(105), pages 47-74, April.
    • Handle: RePEc:acc:malfin:v:31:y:2016:i:105:p:47-74
    DOI: https://doi.org/10.33203/mfy.312132
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    References listed on IDEAS

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    1. Ernst-Ludwig von Thadden & Erik Berglöf & Gérard Roland, 2010. "The Design of Corporate Debt Structure and Bankruptcy," The Review of Financial Studies, Society for Financial Studies, vol. 23(7), pages 2648-2679, July.
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    Keywords

    Bankruptcy; Bankruptcy Postponement;

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