Efficient action with the support of an experienced restructuring advisor will allow you to develop the scope of necessary changes and reach an agreement with creditors within four months, says Małgorzata Anisimowicz, President of the Management Board of PMR Restrukturyzacje. How do companies respond to the crisis and the drop in revenue? Are they waiting for the situation to develop or are they taking corrective measures? As a result of the crisis, many entrepreneurs have limited the scope of their activities and decided to reduce costs. Unfortunately, as...

The prolonged pandemic and the resulting slowdown in the economy are making it much more difficult for entrepreneurs to repay their liabilities. Companies are struggling with the problem of properly implementing contracts concluded with banks, insurers, leasing and factoring companies, and lease agreements. However, many of them can be renegotiated or changed. "Many tools can be used almost immediately. It is important for business owners to know that there are several solutions within their reach that can save company budgets," says...

Entrepreneurs who were considering restructuring have gained further arguments for taking corrective action. Any day now, the Sejm should vote on the draft act on granting public aid for the purpose of rescuing or restructuring enterprises. Companies will receive additional financial support and tools to facilitate the restructuring process. After a period of waiting on the part of the business sector, the issue of assistance in the process of restructuring companies has been taken up by the Polish authorities....

Companies that quickly implement recovery plans radically increase their chances of surviving the coming recession. In the face of the prolonged pandemic, more and more companies are facing bankruptcy, and more industries are joining the announcements of a dramatic situation. In order to avoid insolvency, thousands of Polish companies will have to reach for recovery tools, such as restructuring based on the restructuring law. The restructuring law provides for...

In the era of fighting the pandemic, maintaining financial liquidity is becoming a priority for companies. Therefore, restructuring law is constantly gaining importance, providing managers with tools to anticipate threats and develop the necessary procedures in advance. Due to the still unknown date of the end of the pandemic, the future of companies remains unknown and is exposed to great risk. In the face of falling revenues and the need to settle liabilities, companies are under pressure...

According to PMR Restrukturyzacje experts, the sectors most at risk of losing liquidity include transport, tourism and the furniture industry. The European leader has slowed down business – Transport companies, including passenger carriers, are struggling with a drastic drop in turnover, while also having to repay credit, insurance and treasury liabilities, not forgetting about employee salaries. Introducing remedial measures and getting out of a difficult situation is not...

In the face of the epidemic, many Polish entrepreneurs must take decisive steps to protect their businesses from bankruptcy. The coronavirus epidemic is taking an increasingly large toll on the state of the Polish economy. Its effects are being felt not only by small and medium-sized companies, but also by large entities. Fast and effective rescue actions are needed. In addition to state protective programs, restructuring can be an effective response to the needs of entrepreneurs. It provides a legal basis and tools for...

The effects of the pandemic are already being felt very strongly by microenterprises and small enterprises employing several to a dozen people, but also those employing up to several dozen employees. However, in the next few months, the size of the enterprise will gradually lose its importance - believes Małgorzata Anisimowicz, President of the Management Board of PMR Restrukturyzacje. - In order to avoid the worst-case scenarios, entrepreneurs operating in threatened sectors should start developing a catalogue of tools as soon as possible...

The commencement of restructuring proceedings serves to protect the integrity of the company, its value and brand, and allows for saving key resources. It is also worth deciding on it because it leads to an agreement with creditors, improves liquidity, optimizes debt and facilitates obtaining financing for the company. Repair may be limited to selected areas of the company or mean its strategic reconstruction, in terms of finance, product and market...

A well-developed plan is the basis of every restructuring procedure. Without it, getting the debtor out of financial trouble and returning to their previous market activity is not possible. - It is a signpost to get out of the crisis and restore the ability to operate effectively. It is the basis for accepting arrangement proposals and their implementation. It is the backbone without which in most proceedings it is impossible to submit an application to the court to open restructuring proceedings,...