@article{article_328730, title={THE IMPORTANCE OF IMPROVEMENT PROJECT IN POSTPONEMENT OF BANKRUPTCY FOR INSOLVENT COMPANIES: AN EVALUATION WITHIN THE ACCOUNTING PERSPECTIVE}, journal={Journal of Accounting and Taxation Studies}, volume={10}, pages={185–208}, year={2017}, DOI={10.29067/muvu.328730}, author={Keleş, Dursun}, keywords={İflasın Ertelenmesi,Borca Batıklık Bilançosu,İyileştirme Projesi}, abstract={ Postponement of bankruptcy is a legal establishment with an objective to protect the rights of the creditors and improvement of the financial situation in this process through prevention of the bankruptcy in the scope of the improvement project, which is submitted to the court by insolvent joint stock company or cooperative. Postponement of the bankruptcy is a protection measure, which prevents bankruptcy decision of the joint stock company or cooperative by the court. The principal objective of the postponement of bankruptcy is to prevent bankruptcy of the insolvent joint stock company or cooperative and enable improvement of their financial status. There are some conditions for postponement of the bankruptcy of the insolvent company. One of the most important conditions is to prepare improvement project, which is based on the concrete evidences with regard to the improvement of the financial status of the business organization in near future. In order to resolve a postponement of bankruptcy, the precautions in the improvement project shall be realistic and practical and must be found serious and convincing by the court. In the study prepared in the light of this information, a sample application has been made for the company or cooperative to be requested to postpone the bankruptcy. With this example application, it has been tried to provide a better understanding of the subject. }, number={2}, publisher={Ankara Serbest Muhasebeci Mali Müşavirler Odası}