The Request for a Concordat Was Rejected! A Turkish Nut Brand Has Gone Bankrupt!
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Ege Park Kuruyemiş, an Izmir-based company operating since 2010, had its request for concordat (debt restructuring) rejected by the court. Following the rejection, the protective measures for the 16-year-old company also came to an end.
The concordat application of Ege Park Kuruyemis, which started its activities in Izmir in 2010, was rejected by court decision. While the precautionary measures previously imposed on the company were lifted following the decision, the concordat...
While high inflation, rising costs, and difficulties in accessing financing continue to challenge companies in Turkey, Havin Gıda İnşaat Malzemeleri ve İnşaat Turizm Tekstil Sanayi Ticaret Limited Şirketi, operating in İzmir, has been declared bankrupt. The company's application for a concordat to restructure its debts was rejected. The decision was made by the İzmir 1st Commercial Court of First Instance.
A Turkish nut and dried fruit brand operating in Izmir has been declared bankrupt by the court. The company, which had applied for a concordat process to restructure its debts, had its request rejected. In addition to the bankruptcy decision, the court also ruled to lift certain precautionary measures.
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