Negligent bankruptcy is stated in Article 162 of the Turkish Penal Code No. 5237, “The person who causes bankruptcy due to failure to show the care and attention required by being a trader is sentenced to imprisonment from two months to one year, in case bankruptcy is decided.” formatted. As can be understood from here, his negligent bankruptcy; We can define it as the fact that the merchant causes bankruptcy because he does not show the attention and care required by his qualification as a merchant. Negligent bankruptcy is a free-moving crime, and free movement may have resulted from any lack of attention and care of the merchant.
Act of negligent bankruptcy, Turkish Penal Code162. In the article, it is expressed as causing bankruptcy due to the lack of attention and care required by being a merchant. However, since it is not specified in the law which cases will be considered negligent bankruptcy, the application area of the article has been expanded by using a general expression such as causing bankruptcy due to the lack of attention and care required by being a merchant. To give examples for understanding;
If the bankrupt has lost a large amount of money in gambling or games of chance or in the stock market
If the bankrupt has fled by leaving their jobs
Has not kept business books or as required by law
If your house expenses are excessive
If he has signed promissory notes containing more than the amount he will receive with his present
Although it is mandatory to declare its insolvency and request bankruptcy, it has not requested its bankruptcy and has become bankrupt within 1 year after that.
