Postponement of bankruptcy period for companies and effects to the economy

Developing and globalizing trade relations have led companies to be more at risk in the economy. Certain times with various reasons, crisis occured by financial failures are resulting bankruptcy if not managed well. This effects businesses and economies in a negative way. Postponement of bankruptcy is a recognised rigt for capital companies and cooperatives. It is the postponement of the bankruptcy judgment by the competent court provided that certain conditions are met. Both legal and economic impacts of bankruptcy delays, one of the consequences of financial failure in our business, have been emphasized. In addition, the causes, precautions, and other consequences of the companies that caused the bankruptcy delays in other parts of our work are also mentioned. When the bankruptcy postponement system is implemented correctly and acted in good faith, it allows to avoid negative consequences for the economy and its creditors. Keywords: Delayed bankruptcy, bankruptcy, debt disposal, remediation project, financial failure