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.
Financial Restructuring
We plan and manage the restructuring process for companies in financial difficulty.
Loan instalments, cheque payments and supplier debts all falling in the same month? Every meeting with the bank harder than the last?
At this stage, the biggest risk is waiting. The longer it takes, the less negotiating power you have and the fewer options remain.
With Financial Restructuring, we analyse your debt, build a plan you can actually pay, and put it into practice with your banks and creditors.
What we do
- Financial position analysis
- Debt restructuring strategy
- Process management with banks and creditors
- Cash flow and repayment plans
- Financial improvement projects
- Financial sustainability plans
Who it’s for
- Companies squeezed by loan and cheque payments
- Companies looking for a solution before concordat
- Companies that need to reorganise collateral and maturities
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.
Financial Restructuring: guides
The questions we hear most often in this area, explained briefly.
Frequently Asked Questions
How is restructuring different from concordat?
Restructuring is usually negotiated with creditors out of court. Concordat (konkordato) is a statutory process under court supervision. Which fits depends on the debt structure and the number of creditors.
Are Turkish banks open to restructuring?
Banks usually come to the table when a company brings a realistic cash flow plan and an improvement project. A credible plan is the most important part of the process.
Related articles
What Is Financial Restructuring? A Guide for Companies in Türkiye
How financial restructuring works when debt becomes heavy: warning signs, steps, negotiating with banks and what to watch out for under Turkish law.
Let’s look at your situation together
A short message is enough. We’ll review your request and set up a first meeting that fits.
Go to the contact form
or email us: denovafinans@gmail.com