Fi Triko, which manufactures for world-famous brands including Zara, Pierre Cardin, USPOLO, LCW and Defacto, has gone bankrupt. The announcement published by the Bakırköy 1st Enforcement Office said: “FI TRİKO SANAYİ VE TİCARET LİMİTED ŞİRKETİ has been decided to go bankrupt as of 09:55 on 11/14/2024 and the liquidation proceedings have been started from file 2024/55 of our directorate.” It was stated that the assets would be sufficient to cover the ordinary liquidation expenses, and it was announced that the 1st creditors meeting will take place on Thursday, 01/16/2025 at 14:00 in the Osmaniye District, İsmail Erez Boulevard Bakırköy/İSTANBUL Bakırköy Courthouse 1st Enforcement and Bankruptcy Office.
Fi Triko was given a three-month temporary reprieve
The company had previously declared bankruptcy and was given a three-month temporary reprieve starting from 14/08/2024. Fi Triko, which has been operating since February 2018 and exporting to 12 countries, was producing by German-made STOLL HP machines in a total of 1500 m2 closed area. It had an average daily production capacity of 2,500 pieces and a monthly production capacity of 70,000 pieces with its garment and ironing package team.
The full text of the bankruptcy announcement included the following statements:
“With the case file numbered 2024/712 dated 14/11/2024 of the Bakırköy 3rd Commercial Court of First Instance and the Tax numbered 3870934712 registered in the Istanbul trade registry numbered 123711-5, Fİ TRİKO SANAYİ VE TİCARET LİMİTED ŞİRKETİ operating at the address “MAHMUTBEY MAHALLESİ KÖPRÜ CADDESİ NO: 22/51 BAĞCILAR/İSTANBUL” has been declared bankrupt as of 09:55 on 14/11/2024 and the liquidation proceedings have been started from the file numbered 2024/55 of our directorate.
It was decided that the bankrupt’s assets would be sufficient to cover the ordinary liquidation expenses, and that the liquidation regarding the bankrupt would be carried out “IN THE ORDINARY PROCEDURE” in accordance with Article 219 of the EBL. The creditors must register (Article 236) their receivables and entitlements within one month (Article 220) from the announcement and submit the original or certified copies of their evidence (promissory notes and book summaries, etc.), and the debtors of the bankrupt (Article 192) must notify themselves and their debts within the same period.
It was decided that those who hold the bankrupt’s assets in whatever capacity should deposit them at the disposal of the department within the same period, on condition that their rights on those assets are reserved. The agenda (Article 219) items were determined as follows, “a- Determination of the members of the Bankruptcy Administration (Article 223/1), b- Measures to accelerate the liquidation (Article 256), c- The Bankruptcy Administration should meet at least once a month and take decisions and act (Article 223/3), The transactions that may be subject to the cancellation of the bankrupt’s assets and dispositions (Articles 277, 278, 279, 280) should be investigated by the creditors and the proposals deemed appropriate by the creditors should be put to the vote”.
It is hereby announced and notified that the 1st Creditors’ Meeting will be held on Thursday, 16/01/2025 at 14:00 in the 1st Enforcement and Bankruptcy Department of the 1st Enforcement and Bankruptcy Office in the Osmaniye District, İsmail Erez Boulevard, Bakırköy/İSTANBUL Bakırköy Courthouse, and that the creditors must attend this meeting or send an authorized representative, and that the bankrupt and the joint debtors and their guarantors and those who guarantee the debt or their representatives have the right to be present at this meeting.”