Hawe Telekom, a company from the Mediatel SA group, has concluded an agreement for the delivery, installation, launch and 5-year service of the new DWDM transmission system of the Huawei concern. The investment is an element of the restructuring plan implemented by the company and will enable a significant improvement in financial results at the level of the entire capital group. The implemented system will increase the capacity of the Hawe Telekom transmission network to 8Tbps. It is currently the most modern technological solution in the world in the field of construction of long-distance...

The state will be able to support a failing small or medium-sized company when it loses more than half of its capital due to losses in its operations. This is, in short, the condition after which of the facilities contained in the Restructuring Law will be available to entrepreneurs from the SME sector. It is to be introduced to it by an amendment, the draft of which has already been sent for inter-ministerial consultations and agreements. It has been proposed that after adoption, the amendment enter into force 14 days after publication...

The Hawe Telekom Management Board, in connection with the stabilization of the company's business activity, has submitted a modification of the initial arrangement proposals to the restructuring court in Warsaw. They are an update of the application to open restructuring proceedings from last year. The proposal provides for the repayment of 100% of the principal debt to all creditors. The proposals are particularly attractive for smaller creditors, who in the case of a debt of up to PLN 10,000 would be repaid in full only in the form of...

Action announces that this month it should be known how many objections there are and to which receivables, which will pave the way for the next stage of the restructuring proceedings, which began in the summer of 2016. "We have money to settle our liabilities and run the business," emphasizes CEO Piotr Bieliński. He adds that now much depends on the creditors. Do they want to reach an agreement? "They approach us like a hedgehog," complains the CEO. In his opinion, the creditors do not yet know...

More and more companies, important for the German economy, are struggling with financial problems. Last year, losses due to insolvency were 48% higher than in the same period of previous years. As experts from PMR Restrukturyzacje SA warn, the German crisis may have a negative impact on Polish companies. Losses due to insolvency of companies in Germany have particularly affected the production, trade, construction, finance and transport sectors. However, the problems of companies with...

Many debtors agree to a very unfavourable calculation of the amount of the obligation in bankruptcy proceedings. If they divided the debt relief into two parts, some could save even several hundred thousand złoty. Let's imagine that a person who took out a loan indexed in Swiss francs intends to declare consumer bankruptcy. The bank reports a claim of PLN 250 thousand on the list being prepared. The amount results from the fact that the financial institution terminated the loan and calculated...

Experts expect an increasing interest in restructuring proceedings. The restructuring law has worked – experts assess after a year since its introduction. – Since the act came into force, i.e. from January this year to the end of October, 514 bankruptcy proceedings have been announced. This is 119 fewer than in the same period last year. During the same period, we recorded 155 restructuring proceedings – says Małgorzata Anisimowicz,...

Fewer dismissed employees, fewer creditors without money, fewer dramas and greater stability of the economy – these are the assumptions of the Restructuring and Bankruptcy Law, which came into force on 1 January 2016. Today, almost a year after the introduction of the new law, we can say that the operation was successful and the patient survived. However, as experts point out, he still has a long rehabilitation ahead of him – comments PMR Restrukturyzacje. Since 2003, i.e. since the introduction of the remedial regulations...

Let's imagine that a person who took out a loan indexed in Swiss francs intends to declare consumer bankruptcy. The bank reports a claim of PLN 250,000 on the list being prepared. The amount results from the fact that the financial institution terminated the loan and recalculated the entire obligation of the client at the current exchange rate. And yet we can easily find court judgments (for example in Szczecin, Łódź) in which it was stated that the bank has no right to recalculate the amount of the obligation when the loan is indexed...

PMR Restrukturyzacje SA specialists are constantly monitoring statistics on consumer bankruptcy proceedings and assessing the possibilities offered by the Bankruptcy Law. "The Act provides opportunities for consumers who, due to circumstances beyond their control, have not had a chance to get out of the situation they are in. This is real help for thousands of people in Poland who are unable to repay their debts. These people often live in the "grey zone" but want to work and live normally," -...