01.05.2025 15:30
One of the established brands in Bursa, Yusuf Et Çelik Döner, has filed for concordat due to economic difficulties. The famous döner chain's application was accepted by the court, and as of April 18, 2025, it entered a 3-month temporary stay period.
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Yusuf Et Çelik Döner, which has been serving in Bursa for many years, has declared concordat. While the closure of some branches of the chain is on the agenda, the company's future will become clear at the end of the temporary injunction period. During this time, the company will try to overcome the economic bottleneck and prevent bankruptcy.
TRANSFER OF ASSETS IS PROHIBITED
In accordance with the decisions taken within the scope of the temporary injunction, the transfer of movable and immovable properties registered in the name of the company and its partners is prohibited. Additionally, the company will not be able to pledge without court permission, act as a guarantor, or carry out transactions such as equipment transfer or donations.
NEW ENFORCEMENT PROCEEDINGS WILL NOT BE INITIATED
Furthermore, as per the decision taken under the Enforcement and Bankruptcy Law, enforcement, execution, and preservation actions against the company have also been suspended. Proceedings under the Law on Public Receivables No. 6183 have also been temporarily halted. During this process, it will not be possible to initiate new enforcement proceedings.
CREDITORS WILL BE ABLE TO OBJECT WITHIN 7 DAYS
Legal rights have been granted to individuals and institutions that have receivables from the company. Relevant parties may object to the concordat request by applying to the court with a petition within 7 days from the date this announcement is published. However, for these objections to be considered valid, they must be supported by concrete documents showing that the conditions for concordat have not been met.
WHAT IS CONCORDAT?
Concordat, which has entered our language from Italian, is an agreement made between companies in a state of bankruptcy and their creditors regarding the payment of debts at a certain rate and term, approved by the court. In other words, it is a legal method that companies apply for the restructuring of their debts. During the concordat period, interest does not accrue, but in the case of bankruptcy postponement, interest continues to accrue.
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