Former Lawyers Brought the End of the Company

One of the deep-rooted names of the Turkish industrial sector profile filed for bankruptcy. Although consumers know the company mostly for its durable household appliances, the company that brought the profile joinery business to Turkey went bankrupt because it could not pay its debts to its lawyer. The explanations made by the lawyer and the company management that caused the bankruptcy are in full view. with the opposite direction drew attention.

The lawyer named Sümer Altay, who carries out the legal processes of Profilo, could not receive the attorney’s fee in a case. 2.5 million TL receivable The lawyer, who applied to the Istanbul Commercial Court, could not get the payment despite the court’s warehouse decision. Thereupon, Altay filed a bankruptcy case, and in the case before the Istanbul 1st Commercial Court of First Instance, Profilo Holding and Profilo Sanayi A.Ş. for filed for bankruptcy.

Lawyer doesn’t think he can get attorney’s fee

In the statements made by lawyer Sümer Altay, “I was a lawyer in another file of Profilo. This is a very important case that we opened 13 years ago. And it was a file that we were on our way to winning. I’m off this case. I also had an attorney’s fee. Profilo Holding and Profilo Sanayi AŞ also vouched for this receivable. We sued and won. However, I do not seem to be able to collect the money.‘ statements were made.

In the statements made by Dani Sami Acıman, CEO of Profilo Holding, “We think that the decision of the local court was not correct. This decision was contrary to the expert reports. We will appeal the decision, the decision will be overturned. As Profilo, we do not owe anyone else. When the payment subject to the lawsuit is made, the bankruptcy decision will also be lifted. In both companies, he has more than enough assets to pay this money.” it was said. If the court’s bankruptcy decision is indeed wrong, it seems that consumers can continue to buy Profilo products.

All assets of Profilo will be sold

The decision of the Istanbul 1st Commercial Court of First Instance mobilized the Istanbul Bankruptcy Directorate. Authorities confirm that Profilo Holding and Profilo Sanayi A.Ş. liquidation will initiate the process. In this context, all assets belonging to the companies will be put up for sale and the debt of Attorney Sümer Altay will be paid. However, according to the information in the court documents, this is not much. not possible. It is stated that Profilo Holding has a capital of 104 million TL and Profilo Sanayi A.Ş. has a capital of 65 million TL.