Beware of debt collectors who demand repayment of old debts – the claims may be unjustified. But the bailiff seizes the account based on the judgment. – Two weeks ago, the bailiff seized my husband's account because he allegedly traveled by bus without a ticket in 2010 and did not pay the fine – says Mrs. Maria from Bydgoszcz. He did not travel without a ticket – The problem is that he does not remember such a situation at all. He insists that he did not travel without a ticket. He is a pensioner, has a heart condition and does not have the habit of...

A new law on employee claims has been in force since September 5. They will receive their arrears earlier, and the employer's family who were employed by the employer will also be protected. The amendment to the act on the protection of employee claims in the event of the employer's insolvency allows for the acceleration of financial assistance for employees who have been deprived of their jobs and benefits after the employer ceases its operations. For years, employers have been paying contributions to the Guaranteed Employee Benefits Fund.

Debt collection companies buy time-barred debts, counting on the naivety of debtors. Some of them pay them for peace of mind, others do not react until the bailiff knocks on the door. How to defend yourself against this? PMR Restrukturyzacje has prepared a practical guide for consumers. Debt trading is a very profitable business, debt collection companies buy time-barred claims for next to nothing, and from unsuspecting customers they demand repayment of the entire debt with interest. It also happens that the claims are unjustified,...

In the first half of 2017, the number of Polish companies that filed for bankruptcy or restructuring increased by 18 percent. The largest increase was noted in restructuring proceedings, which allow for the repair of a company. According to experts, this trend will grow in the coming years. According to a report published by Coface, in the first half of this year, as many as 387 companies initiated bankruptcy or restructuring proceedings. This is 18 percent more than in the first half of 2016. According to the former...

As PMR Restrukturyzacje SA reported in early July, bitcoin has been breaking records in popularity recently. However, another virtual currency – ether – is hot on its heels. “Polish entrepreneurs are increasingly deciding to invest in new currencies,” PMR Restrukturyzacje estimates. The price of one bitcoin is currently around $2,565, but it has fallen. One ether is around 10 times cheaper, but its exchange rate is rising rapidly. Analysts also note that the world of virtual currencies is very unstable,...

Entrepreneurs who are forced to take out bank loans or use deferred payment for purchased products to develop their business are used to taking on debt. Having debt is not something they are ashamed of. As many as 93.4 percent of them responded in this way in the survey. - This shows that Polish entrepreneurs have a natural attitude to money. In business, it is like this that you deal with other people's money, debt financing is a natural thing all over the world - believes...

More than a year has passed since the new restructuring law and the amended bankruptcy law came into force. It is already known that many restructuring and remedial proceedings will fail. One of the main reasons is the lack of people willing to provide financial support to companies that have the ambition - and above all the chance - to repair themselves. In Germany, an entrepreneur with a developed restructuring plan receives loans from banks on an equal basis with those who have financial problems...

Every fifth person who takes out a loan does so to pay bills (electricity, gas, rent). We also use additional financing for unexpected everyday expenses, such as car repairs, washing machines, and refrigerators, according to an Ipsos study commissioned by Wonga. We also borrow money to cover seasonal purchases (school supplies or buying clothes). Meanwhile, when faced with financial problems, many people bury their heads in the sand and do nothing to solve them, which usually...

Less than a month has passed since the launch of the Early Warning program by PARP and the Family Business Foundation, and 16 entrepreneurs from all over Poland have already signed up for it. The project is a pilot project and will end in 2023. To participate in the program, simply fill out a simple form on the website www.parp.gov.pl, describing the problems the company is struggling with and choosing the consultant the entrepreneur wants to work with. Profiles of consultants - business psychologists,...

As many as 82.5% of Poles do not consider having debts to be shameful. Only 13.6% consider any loan to be something to be ashamed of. This is probably due to the fact that after 28 years of political transformation, we are joining Western European countries, where it is natural to take on financial obligations. However, when Poles are asked about specific forms of debt (mortgage, car loan, credit card and others), the attitude of respondents towards debt changes. Fewer people claim that all...