In the first half of the year, restructuring proceedings were included in the catalogue of urgent cases of the courts. Overcoming the effects of COVID-19 requires an extraordinary approach. Hence the shortening and simplification of restructuring procedures. Simplified restructuring The act in force since 2016 provides for various procedures for saving a company, including controlled reduction of costs, suspension of open enforcement proceedings, changing or securing the lease agreement, credit agreements with the bank or leasing agreements. Using them will allow...

As a result of the prolonged pandemic, more and more companies from the Lower Silesian Voivodeship are teetering on the edge of financial liquidity. The crisis has hit the hotel, catering and catering (HoReCa) industry and long-distance bus transport particularly hard (...) - Entrepreneurs from the long-distance bus transport industry have found themselves in an extremely difficult and uncertain situation that requires them to act quickly. It is worth emphasizing here that the time to make a decision on restructuring...

You don't pay your contractors? You'll have a problem! Fighting payment backlogs is becoming one of the priorities of the government and the Office of Competition and Consumer Protection. Large companies are already feeling it. - Problems with maintaining financial liquidity are a problem that already affects a large part of Polish enterprises, and with them many industries. Every day, more and more entrepreneurs ask themselves questions: when will the threat of insolvency appear and how can I prevent bankruptcy - says Małgorzata Anisimowicz, president of the management board...

The speed of the bankruptcy process largely depends on the court. But an entrepreneur can also do a lot to ensure that the liquidation of his company goes smoothly. What conditions must a company meet to go through the bankruptcy process? What are the most common mistakes made by entrepreneurs? How much does bankruptcy proceedings cost? - Failure to fulfill the obligation to file a bankruptcy application within the statutory deadline may result in claims against the company's representatives in connection with acting to the detriment of creditors - says Małgorzata...

Entrepreneurs, trying to adapt to the crisis and unpredictable situation, need efficient, orderly and fast actions. One of the ready-made solutions is the simplified restructuring procedure. It is a hybrid of the previous procedures, which was created with the idea of concluding an arrangement with creditors as quickly as possible and maximally simplifying the procedures, with the possibility of use by any company, regardless of its size. Thanks to the tools it brings,...

Simplified restructuring, introduced with the act of 19 June this year, was supposed to help companies overcome the biggest problems that came with the coronavirus crisis. Did it happen? Here is the assessment of an expert, Małgorzata Anisimowicz, CEO of PMR Restrukturyzacje. However, simplified restructuring turned out to be a tool tailored to the current times, in which it is necessary to act quickly and effectively. In the event of a sudden loss of liquidity, only an immediate reaction...

Applications are being accepted under the so-called New Chance Policy. This is a program for entrepreneurs who have been affected by the effects of the coronavirus pandemic. Małgorzata Anisimowicz - qualified restructuring advisor and president of the management board of PMR Restrukturyzacje gave a statement in a radio broadcast of Polish Radio Program 1 devoted to the topic of restructuring and related financing. The broadcast was broadcast on Polish Radio Program 1: on November 20, 2020 » New Chance Policy. Entrepreneurs...

Hundreds of Polish companies are currently facing the biggest liquidity problems in their history. The pandemic has forced them to urgently seek external repair solutions that will not only help them survive the crisis, but will also enable them to quickly restore stability. One of them is restructuring and bridge financing, which is key to its success. – (…) Financing instruments may include loans, including those from public funds, credits...

Simplified restructuring was created for companies whose liquidity has suffered as a result of the pandemic. However, in order to effectively use the possibilities of this tool, the support of a restructuring advisor is necessary. Selecting and concluding an agreement with a restructuring advisor is a necessary step to open simplified proceedings for approval of the arrangement. Their presence - both for the court and for the debtor and creditors - allows you to be a guarantor of the proceedings conducted in accordance with...

In response to the crisis situation of enterprises, the government simplified the restructuring procedure. Today, it is already known that the introduced solution meets the needs of companies and turns out to be very useful. The simplified procedure for approval of the arrangement, called the simplified restructuring procedure (UPR), is mostly an out-of-court procedure. - This procedure is aimed at approving the arrangement with creditors and protects the assets of the enterprise and key contracts, implemented...