Paper ID : 361
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Mr. Uğur Sayın
Session : 6D Finansal Hukuk
Postponement of Bankruptcy in Capital Stock Companies and Cooperatives
Türk Hukukunda Mali Yapısı Bozulan Sermaye Şirketleri ve Kooperatiflerde İflasın Ertelemesi
- Mr. Uğur Sayın (Turkish Supreme Court, Turkey)
In earning capital stock company which its financail structure failed, which cannot pay debts to creditors and which become deeply involved in debt, to trade economy, partnerships, working people of company and other companies that are creditors of company have a big utility. It effects state economy directly. One of the ways of earning a company or cooperative that is deeply involved in debt, is the institution to delay debt. Bankruptcy deferment, under the surveillance of judge, providing to continue its activity of capital stock company or cooperative that is deeply involved in debt with effectuating of presented healing project, is giving helping hand to company. In this way, both company become operation condition again and receiving credits of creditors are guarented. So, stabiliy in commercial life continues. Under this heading, procedures of delaying bankruptcy, conditions and the way of practising will be explained.
JEL codes: K22
Sayın, Uğur (2011). "Postponement of Bankruptcy in Capital Stock Companies and Cooperatives" in Proceedings of International Conference of Eurasian Economies 2011, pp.467-471, Bishkek, KYRGYZSTAN.
Full paper in PDF format.
Session 6D: Finansal Hukuk