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Corporate debt restructuring filings in Türkiye eased during the first seven months of 2026, with 1,167 companies seeking court-supervised debt restructuring, down 28% from a year earlier.
Despite the slowdown, bankruptcy rulings rose 36% to 171 cases, reflecting the ongoing financial strain across the country's real sector.
Turkish courts also granted 918 definitive debt restructuring decisions, a 4% decline from the same period last year, while rejecting 1,146 applications, up 61%, according to court data compiled by konkordatotakip.com from official records.
Monthly figures pointed to the same trend, with courts granting temporary debt restructuring protection in 184 cases in July, down 49% from the same month last year, when filings reached a record monthly high.
During the month, courts also issued 91 definitive protection decisions, rejected 139 applications, declared 26 bankruptcies and approved 30 restructuring plans.
Despite the slowdown in new filings, the number of companies completing the restructuring process continued to rise, with courts approving 127 restructuring plans during the January-July period, up 112% from a year earlier, partly because long-running cases concluded.
Construction remained the sector with the highest number of temporary debt restructuring decisions, recording 124 cases during the first seven months of the year. The textile sector followed with 107 cases.
When apparel, footwear, carpet, bag, yarn and leather manufacturers are included, the broader textile and apparel industry accounted for 159 cases. Metal products manufacturing ranked third with 73 cases, followed by agriculture with 63 and transportation with 52.
The restructuring trend has also spread beyond small and medium-sized businesses to publicly traded firms and manufacturers serving major domestic and international industries.
Drugmaker Turk Ilac ve Serum Sanayi, a publicly listed pharmaceutical manufacturer, entered the debt restructuring process in June, while Barem Ambalaj, a listed producer of paper and offset packaging that exports to over 35 countries, received a three-month temporary protection order in July.
Other companies seeking court protection during the January-July period included FORE Uluslararasi Pazarlama ve Ticaret AS, a textile exporter that manufactures for global apparel brands, as well as Elit Canta, a bag manufacturer, and Novo Aluminyum, an aluminum producer supplying the industrial sector.
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