Creditor Reconciliation Processes

What are Creditor Reconciliation Processes?

Creditor reconciliation is the process of reaching mutual agreement between a debtor experiencing financial difficulties and their creditors. This process aims to protect creditors' rights while enabling the debtor to continue operations when facing payment difficulties.

The reconciliation process aims to create a win-win situation for both debtor and creditors. While creditors have the opportunity to collect at least part of their receivables through reconciliation, the debtor also gets the opportunity to correct their financial situation without entering bankruptcy proceedings.

Our Reconciliation Service Areas

Reconciliation Process Management

Situation Analysis and Assessment

Comprehensive financial situation analysis and assessment forming the foundation of the reconciliation process.

Analysis Areas:

• Financial Situation Analysis: Asset-liability balance and cash flow
• Payment Capacity: Current and future payment capability assessment
• Creditor Profile: Types of receivables and priority ranking
• Risk Assessment: Comparison of reconciliation alternatives
• Sustainability: Long-term financial recovery plan

Types of Reconciliation and Options

Main Types of Reconciliation:

• Voluntary reconciliation agreements
• Reconciliation within concordat framework
• Court reconciliation
• Collective creditor reconciliations
• Deferred payment plan reconciliations

Voluntary Reconciliation Processes

Reconciliation Strategy Development

Development of customized reconciliation strategies for each situation.

Strategy Components:

• Prioritization: Classification of creditors by order of importance
• Offer Preparation: Creation of acceptable payment plans
• Negotiation Tactics: Determination of effective negotiation methods
• Alternative Plans: Solution options for different scenarios
• Implementation Plan: Post-reconciliation follow-up and control mechanisms

Negotiation and Communication Management

Establishing effective communication with creditors and managing negotiation processes.

Communication Processes:

Concordat Reconciliation Processes

Concordat Application Process

Management of official reconciliation processes carried out under court supervision.

Application Stages:

• Preliminary Preparation: Preparation of documents required for concordat application
• Court Application: Making and following up on concordat application
• Provisional Moratorium: Management and protection of provisional moratorium process
• Definitive Moratorium: Court process for definitive moratorium decision
• Reconciliation Draft: Preparation of reconciliation plan to be presented to creditors

Payment Plan and Implementation

Payment Plan Preparation

Creation of realistic payment plans suitable for the debtor's payment capacity.

Plan Components:

• Maturity Arrangement: Rescheduling of payment periods
• Installment: Determination of appropriate number and amounts of installments
• Discount Rates: Discount amounts to be provided to creditors
• Interest Arrangements: Late payment interest and operating interest issues
• Guarantee Systems: Payment guarantees and collateral arrangements

Post-Reconciliation Follow-up

Implementation and follow-up processes of reconciliation agreements.

Follow-up Mechanisms:

Sectoral Reconciliation Applications

Construction and Real Estate Sector

Reconciliation solutions for special situations encountered in construction projects.

Special Issues:

• Project Financing: Financing reconciliation for unfinished projects
• Contractor Receivables: Subcontractor and supplier reconciliations
• Apartment Sale Proceeds: Installment arrangements with buyers
• Title Deed Transfer: Post-reconciliation title deed transfer processes
• Construction Permits: Municipal fee and receivable reconciliations

Manufacturing and Trade Sector

Reconciliation with Banks and Financial Institutions

Credit Reconciliation Processes

Special reconciliation approaches for bank loans and financing debts.

Credit Types and Approaches:

• Business Loans: Short-term financing reconciliations
• Investment Loans: Long-term payment plan arrangements
• Real Estate Loans: Reconciliations with collateral evaluation
• Foreign Currency Loans: Reconciliation with exchange rate risk management
• Overdraft Account: Revolving credit reconciliation arrangements

Financial Restructuring

Management of comprehensive financial restructuring processes.

Restructuring Options:

Tax Office and Public Receivables Reconciliation

Tax Reconciliation Processes

Receivable reconciliation management with tax office and other public institutions.

Public Receivable Types:

• Tax Debts: Income, corporate and VAT reconciliations
• SSI Premiums: Social security premium reconciliation processes
• Municipal Fees: Property tax and municipal receivables
• Customs Duties: Import-export tax reconciliations
• Usufruct and Penalties: Administrative monetary penalty reconciliations