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Companies are fighting for survival in every possible way

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In the first half of the year, the number of restructuring applications exceeded 1,000 and was even 25 percent higher than in the whole of 2020. Another wave The pandemic and the closure of the economy may increase the number of cases to 2-3 thousand.

According to data from the Central Economic Information Centre, while back in 2020 there were 30-40 restructuring proceedings opened per month and in the whole year there were 800 of them, in June alone there were 266 applications. As a result, the whole six months already amounted to 1 thousand proceedings and everything indicates that we are dealing with a long trend. Much depends on the further development of the pandemic and, unfortunately, one has to reckon with the scenario that the strictures will return, at least for some sectors.

- Previous lockdowns have absorbed a large part of financial reserves, which were usually small anyway. Further restrictions will cause the situation to become dramatic, and the number of open proceedings may even double - to 200-300 each month. This may mean that in a worst-case scenario, we will end 2021 with as many as 3,000 new proceedings - says Małgorzata Anisimowicz, qualified restructuring advisor and president of PMR Restructuring Management Board.

Małgorzata Anisimowicz – qualified restructuring advisor and president of the management board of PMR Restrukturyzacje commented on the Rzeczpospolita daily's publication on bankruptcy enterprises.

The article appeared in the daily newspaper Rzeczpospolita:on 22 July 2021We invite you to read the full version:" Companies are fighting for survival in every possible way. How to carry it out?
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