COMMISSIONER TRAINING, REGISTRATION AND REMOVAL FROM THE LIST WITHIN THE SCOPE OF THE REGULATION ON CREDITORS' BOARD OF CONSORTIUM AND CREDITORS NUMBERED 30671
Keywords:Bankruptcy, Postponement Of Bankruptcy, Concordat, Concordat Commissioner, Creditors board
One of the objectives of the Law No. 7101 on the Execution and Bankruptcy Law and Amendments to Some Laws, which was adopted on 28.02.2018 and published in the Official Newspaper dated 15.03.2018 and numbered 30361, to bring the restructuring institution into commercial life. It is to develop an effective and efficient method to prevent the bankruptcy of borrowers who have the opportunity to continue their economic life, especially by bringing vitality to the concordat institution.Unlike the institution of postponement of bankruptcy, where the creditors cannot have any say, the process takes place between the debtor and the court, In the event that an agreement can be reached, debts and creditors have a say and a certain majority of the creditors will accept the payment of debts. Although a regulation on the qualifications of the concordate commissioner and the compulsory establishment of the creditors committee has been published and entered into force on 02.06.2018, in the face of problems and disruptions in the functioning of the concordat institution in practice, With the “Regulation on the Concordate Commissioner and Creditors Board an published” in the Official Gazette dated 30.01.2019 and numbered 30671, the regulations bringing changes and innovations regarding the qualifications of the concordate commissioners were revised.In addition, there are not many sources written on this subject since the new regulation has been issued for months. Therefore, especially the regulation was used in the writing of the article.
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