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Notes on financial restructuring

Practical notes from files where we have seen both sides of the table. Mostly on Türkiye's Financial Restructuring framework (FYY): who it fits, how the process runs, what passes with how many votes, and how to prepare.

CFO/24 August 2026/3 min read

CFO Transformation: Getting the Finance Function Out of Bookkeeping

What CFO transformation means and how a finance function becomes a decision-making engine: the stages, the indicators and where AI genuinely helps.

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IPO/23 August 2026

IPO Advisory: Is Your Company Ready for the Public Market?

What IPO advisory covers and how a company prepares to list: readiness assessment, corporate structure, the equity story and the steps involved.

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Restructuring/22 August 2026

Independent Business Review (IBR): Who Draws the Real Picture?

What an Independent Business Review covers, who requests one and what it delivers — and what it actually means for the company under review.

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Valuation/21 August 2026

Company Valuation: Where Does the Number Come From?

Valuation methods, which one applies when, and what really drives value — including what matters in industrial and natural-resource assets.

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M&A/20 August 2026

Selling Your Company: How a Sell-Side M&A Process Actually Runs

How does an M&A process work on the sell side? From teaser preparation to closing — the steps, how value is set and how the right buyer is found.

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Restructuring/19 August 2026

Financial Structuring and Financial Restructuring: What Is the Difference?

What separates financial structuring from financial restructuring, and which one does your company need? Options, process and the cost of timing.

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Advisory/18 August 2026

Corporate Financial Advisory: When Should a Company Bring in Outside Help?

When does a company need financial advisory, and which service fits which situation? A decision guide for owners, with the process explained end to end.

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Restructuring/13 August 2026

The heart of an FYY file: how to build a feasibility study that convinces

Creditors do not read declarations of good intent; they test models. What the application file must actually contain, and what each number has to prove.

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Strategy/12 August 2026

"Will restructuring damage our name?" — FYY and corporate reputation

The question is usually asked emotionally, but the comparison should be financial. The difference between being a restructured company and being one that cannot pay.

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Strategy/6 August 2026

When is the right time for FYY? What moving early is actually worth

Most companies come to the table after losing most of their negotiating power. How timing shapes the outcome, and a checklist for preparing early.

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Restructuring/30 July 2026

FYY decision thresholds: what passes with how many votes?

Not every decision at the table needs the same majority. From new money to principal write-offs, knowing the threshold map changes your negotiation strategy from the start.

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Restructuring/30 June 2026

What is on the FYY table? From maturity extension to debt-for-equity

Restructuring is not a single transaction but a toolkit. The instruments ranked from light to heavy, and what each one does to the balance sheet.

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