ERDEM-NEWSLETTER-2018-metin

301 ENFORCEMENT AND BANKRUPTCY LAW days, at the latest, after the end of the period of accession of the credi- tors. In the doctrine, it is argued that the period for submission of the report of the trustee is definite and, in the event the trustee does not apply to the court within the proper period, the request of ratification shall be rejected without any further examination 7 . The trustee who does not submit his/her report to the court within the definite term shall be responsible for the harm the debtor suffers therefore under the general provisions 8 . The report of the concordat trustee at the time of the request of ratification should summarize the concordat process, as well as any change in the values of the debtor’s assets during the term of concor- dat. In this report, the trustee shall examine whether the conditions referred to in Article 305 of the EBL have been satisfied. Conclusion The concordat trustee acts as a bridge between the debtor, the creditors, and the court, and carries out supervision and informational activities at every step throughout the concordat process. Especially, the trustee’s efficient fulfilment of the duty to assist with the actions of the debtor provides for protection of the interests of the creditors. Therefore, mindful and efficient performance of the duties of the con- cordat trustee are crucial for realization of the financial purpose of the institution of concordat. 7 Pekcanıtez; Erdönmez, p. 119. 8 Altay / Eskiocak, p. 143.