In ordinary liquidation under bankruptcy procedure, as per Art. 219/2 of TEBC creditors must notify their receivables to the bankruptcy administration within 1 month. In simple liquidation, as per Art. 218 creditors must notify their receivables and their evidences proving their receivables within not less than 20 days and not more than 2 months time which will be extended by the bankruptcy administration. In the event that creditors do not notify their receivables within this period, then it will be regarded as late notification. Art. 236 of TEBC has been stipulated by the law maker for late notifications/applications. However, this Article is not sufficient to deal with problems and consequences when the creditor notifies its receivables late. Yet, as per the law the receivables notified after the expiry of the 1 month period does not lead to a loss of right. The creditor can notify its receivable until the close of the bankruptcy. However, there is a reason for the stipulation of this 1 month period. The creditor, who notifies its receivables late will have to bear some of its negative consequences. In this paper, the route to be followed for late applications will be discussed in the light of doctrinal views and jurispudence. Our aim is to provide a road map for creditors who notify their receivables late.