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State will help companies restructure, but business is waiting for more
Przedsiębiorcy, którzy zastanawiali się nad przeprowadzeniem restrukturyzacji, uzyskali kolejne argumenty, za podjęciem działań naprawczych. Lada dzień sejm powinien przegłosować projekt ustawy o udzielaniu pomocy publicznej w celu ratowania lub restrukturyzacji przedsiębiorstw. Na firmy czeka dodatkowe wsparcie finansowe i narzędzia ułatwiające proces restrukturyzacji. Po okresie wyczekiwania ze strony sektora przedsiębiorstw, kwestię pomocy w procesie restrukturyzacji firm podjęły polskie władze....
Rapid repair an opportunity for companies
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...
Companies reach for restructuring tools
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...
Here are the industries most at risk of losing liquidity
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...
Debt restructuring is a cure for companies' problems
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 impact of the coronavirus will not only be felt by small businesses. Durable goods retailers at risk
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...
Make an arrangement with creditors on favourable terms
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...
Getting your business out of trouble step by step
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,...
Bankruptcy is not the only scenario
A company in crisis, facing bankruptcy, resembles a seriously ill person, and a restructuring plan assuming an arrangement with creditors is a healing treatment. A company that has problems with financial liquidity and notices impending problems should react without delay. Growing problems will not solve themselves. - It is important to notice the symptoms of a crisis and realize that the company needs help. This is the key to success. Working on the architecture of the necessary restructuring process...
Funding is key
Finding financial resources is very important when it comes to healing SME companies. Their absence may lead to the termination of restructuring proceedings or the repeal of the arrangement, which ends in bankruptcy. A company decides to restructure most often when its liquidity is impaired and it is unable to repay current liabilities. Therefore, it does not have its own funds that could support its recovery. This, in turn, requires ensuring an appropriate level of financing, obtained from sources...
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