What is Cashis

There are many factors that lead businesses to bankruptcy. The risk environment created as a result of changes in some macroeconomic indicators such as exchange rates, interest rates, inflation, and financial instability as a result of the inability to manage risk properly cause businesses to go bankrupt or an economic crisis. The bankruptcy of a business imposes a cost not only on stakeholders, but on society as a whole. In this context, in order to ensure economic welfare and maintain the economic existence of enterprises, the function of the institution of concordat in the execution and bankruptcy law has been increased; the way of restructuring their debts in accordance with the final decision of the court in line with the consent of their creditors has been opened for the debtors. In the study, the institution of concordat was examined in outline, the reasons leading businesses to concordat were evaluated, and solution suggestions were developed.