Turkish Law in EnglishTÜRKİYE
Enforcement and Bankruptcy Law No. 2004

Article 191

Any disposition by the debtor of assets belonging to the estate after the opening of bankruptcy shall be null and void as against the creditors.

If a promissory note signed by the debtor, or a bill of exchange drawn on him, before the opening of bankruptcy has been paid by the bankrupt at maturity before the announcement of bankruptcy, the sum paid may not be recovered from a holder who was unaware of the bankruptcy and who, had payment been refused, would have been in a position to exercise a right of recourse against a third party.

Payment to the bankrupt:

Original Turkish text

MADDE 191

Borçlunun iflas açıldıktan sonra masaya ait mallar üzerinde her türlü tasarrufu alacaklılara karşı hükümsüzdür.

İflas açılmadan evvel borçlu tarafından imza edilmiş emre muharrer bir senet veya üzerine keşide olunmuş bir poliçe iflasın ilanından evvel vadesinde müflis tarafından ödenmiş olursa iflastan haberdar olmıyan ve ödemenin reddi halinde üçüncü bir şahsa rücu hakkını kullanabilecek vaziyette bulunan hamilden ödenen meblağ geri alınamaz.

Müflise ödeme:

Text as of 1 October 2026 · Official source (Turkish): mevzuat.gov.tr ↗

Unofficial translation for information only. The Turkish text published in the Official Gazette is the only authoritative version. This page is not legal advice.