Concordat Advisory

We bring financial and legal perspectives together at every stage of the concordat process.

Can’t pay your debts on time, but believe the business can survive?

That is exactly what concordat (konkordato) under Turkish law is for. But an unprepared application can push a company into a harder position instead of protecting it.

With Concordat Advisory, we first assess whether concordat is the right path for you. If it is, we manage the process from the preliminary project to the definitive moratorium, financially and legally.

What we do

Preparing the preliminary concordat project
Preparing revised concordat projects
Financial analysis and financial statements
Improvement and recovery plans
Planning and coordinating the application
Tracking temporary and definitive moratorium periods
Coordinating with the court-appointed commissioner
Financial and legal advice throughout

Who it’s for

Companies unable, or at risk of being unable, to pay debts on time
Companies that want to keep operating while reorganising debt
Companies already in concordat that need a revised project

How we work

Analysis: We get to know your company in every respect and analyse its current position in detail.
Assessment: Based on the data, we identify risks, opportunities and priority problem areas.
Strategy: We build the most suitable financial and legal strategy for your company.
Implementation: We put the strategy into practice and coordinate the process.
Follow-up and Support: We track results, make improvements and keep supporting you.

Concordat Advisory: guides

The questions we hear most often in this area, explained briefly.

Glossary

Comparison

Concordat vs Bankruptcy in Türkiye: Key Differences

Statute

Concordat Request in Türkiye: Conditions and Documents

Frequently Asked Questions

What is needed to apply for concordat in Türkiye?

The application includes a preliminary concordat project, documents showing the financial position, a list of creditors and other documents listed in the Enforcement and Bankruptcy Law, plus a report from an independent audit firm. Complete and consistent documents are critical for the moratorium decision.

Do enforcement proceedings stop during concordat?

Once a temporary moratorium is granted, as a rule no new enforcement proceedings can be started against the debtor and pending ones are suspended. There are exceptions, such as secured claims, so each claim should be reviewed.

How long does concordat take?

The temporary moratorium is three months and can be extended. The definitive moratorium is one year and can be extended by up to six months. Total duration depends on the company and the court.

6 October 2026

Concordat or Financial Restructuring? Choosing a Path in Türkiye

Turkish concordat (konkordato) versus out-of-court restructuring: duration, cost, confidentiality, effect on enforcement and which suits which company.