Business · Companies · 2 hrs ago
Two Companies Linked to Mavi Ay Yatak Declared Bankrupt
A court in Bursa, Türkiye, declared two companies linked to Mavi Ay Yatak bankrupt after reviewing their requests for protection from creditors.
The companies are Ada Yatak Baza and King Protrade Tekstil, and the court ordered their assets to be handled through a simplified liquidation process.
Mavi Ay Yatak and related companies sought debt protection in October 2025 because of financial difficulties, and the court initially gave them a temporary three-month period.
The court rejected the debt-protection requests after a process that lasted about a year.
Beyrut Mühendislik and Turkuaz Yatak Baza were not declared bankrupt because the legal conditions for bankruptcy were not met.
Mavi Ay Yatak began operating in Bursa in 1980 and was known for selling mattresses in Türkiye and exporting to European countries.
The two companies will now go through liquidation, while no bankruptcy ruling was made against the other two firms.
A court in Bursa ordered two companies linked to Mavi Ay Yatak into bankruptcy after rejecting their concordat applications.
The companies are Ada Yatak Baza Sanayi ve Ticaret A.Ş. and King Protrade Tekstil Konfeksiyon Sanayi ve Dış Ticaret Ltd. Şti.
Their liquidation will proceed under a simplified procedure.
The court rejected the concordat applications of two other companies in the case but did not declare them bankrupt.
Mavi Ay Yatak, founded in Bursa in 1980, had exported to European countries including Germany, the Netherlands, Belgium and France.
- Who
- Ada Yatak Baza and King Protrade Tekstil, companies linked to Mavi Ay Yatak.
- What
- A court ordered both companies into bankruptcy and set a simplified liquidation procedure.
- When
- The decision followed a legal process that lasted about a year. The reports were published on October 31, 2026.
- Where
- Bursa, Türkiye.
- Why
- The companies’ concordat applications were rejected after the court’s review. The reports do not state a more specific reason for the bankruptcy rulings.
This story does not have two clearly opposing sides.
Bursa 1st Commercial Court granted a three-month temporary period to companies linked to Mavi Ay Yatak after reviewing their concordat applications.
After about a year of proceedings, the court rejected the applications and ordered Ada Yatak Baza and King Protrade Tekstil into bankruptcy.
- Bankruptcy court
- Bursa 1st Commercial Court
- Companies declared bankrupt
- Ada Yatak Baza; King Protrade Tekstil
- Liquidation method
- Simplified procedure
- Other companies in the case
- Beyrut Mühendislik; Turkuaz Yatak Baza
- Mavi Ay Yatak founded
- 1980, in Bursa
- Export markets named
- Germany, the Netherlands, Belgium and France