Turkish Bankruptcy Law 

The attorneys in Akkas & Associates Law Firm's Bankruptcy Law Group have a wide range of experience in federal and state insolvency proceedings in numerous jurisdictions. We have represented both secured and unsecured claimants in numerous federal bankruptcy cases, state receivership actions, and assignments for the benefit of creditors. Many of these matters involved regionally high-profile debtors.

Akkas & Associates Law Firm attorneys have vigorously asserted creditor's claims in a wide range of cases involving such debtors as shipyards, bio-tech companies, real estate developments, gold refiners, and textile manufacturers. We have successfully represented not only senior secured creditors, but also junior lien holders and unsecured creditors. For example, Akkas & Associates Law Firm attorneys have successfully marshaled the debtor's assets for the benefit of a junior lien creditor. Akkas & Associates Law Firm attorneys have also represented numerous clients in preference actions and fraudulent conveyance actions.

 

In addition to adversary proceedings, Akkas & Associates Law Firm attorneys have also counseled clients on a wide range of insolvency-related issues, including the merits of different types of insolvency proceedings, how best to protect themselves when doing business with a financially troubled entity, and lender liability. We have also advised clients in connection with purchases of debtors' assets, tax issues arising from insolvency proceedings, and environmental issues related to acquisitions of debtors' assets.

Although Akkas & Associates Law Firm generally represents creditors, it has also served as counsel for a Trustee in a case involving significant claims for fraud against the debtor's principals. In that case, Akkas & Associates Law Firm attorneys successfully prosecuted numerous proceedings to recover assets and to defend the priority of the Trustee's claims.