The latest example of the Atlantic company proved that once again the Polish culture of liquidation won over the Western practice of restructuring. However, as European experience confirms, restructuring proceedings are much more effective than bankruptcy. This makes the fact that Polish entrepreneurs are not aware of the methods and procedures of judicial restructuring even more surprising. Early initiation of the procedure allows for obtaining the court's approval and an agreement with creditors, which enables the continuation of business...

Atlantic, like other liquidated companies, could have avoided bankruptcy. The chance is restructuring and a professional recovery plan, additionally presented in the situation of the first symptoms of the crisis, and not in its final phase. In the case of Atlantic, the Bankruptcy Court did not believe the presented restructuring architecture. Therefore, the economic aspect and the lack of a credible recovery plan failed. An effective restructuring application requires an in-depth audit of the company and its condition. Performed on this basis...

The trustee is a special type of manager who "organizes" the economic and financial area of the bankrupt debtor, taking into account the optimal satisfaction of creditors. As a body acting for the highest possible satisfaction of creditors, it tries to support the debtor's enterprise, as much as economic factors allow. Creditors and the bankrupt are therefore beneficiaries of the trustee's services, but this is not the same as the implementation of their will. Therefore, it cannot be said that the trustee implements...

Greece's financial problems in microeconomics can be related to the everyday life of companies in Poland and around the world. Every country, like a large company, has revenues and costs and obligations to employees or citizens in the form of social benefits. Companies and states operate in specific macro- and microeconomic conditions that strongly affect the condition of markets and their individual participants. Moreover, both commercial organizations and countries pursue specific goals, are led...

Year after year, dozens of companies in Poland run into financial trouble. Loss of financial liquidity is the most common cause of bankruptcy – hundreds of companies across the country find themselves in such a situation every year. However, the problem is only noticed when the company reaches insolvency, when the company's account is empty, and employees and contractors demand overdue payments. Until now, the scenario ended with a bankruptcy petition and the takeover of the bankruptcy estate...

As for the causes of the financial collapse in Greece, the genesis and circumstances that led to the stalemate in the talks between Greece and its creditors, many respected commentators on politics, economics and finance have already spoken. There have been many truisms, advice and warnings. The key question, however, seems to be the extent of the awareness and willingness of the Greek government to take responsibility for the existence of all Greeks. Currently, the negotiations have reached a point where decisions must be made. Not...

At the beginning of the month, the specialist law firm PMR Restrukturyzacje SA began its operations. It was founded by two trustees, recognized specialists in the field of enterprise restructuring - Maciej Roch Pietrzak and Małgorzata Anisimowicz, who merged their law firms. The aim of the company is to create a modern advisory formula that supports entrepreneurs in the process of repairing and streamlining their companies. PMR Restrukturyzacje will provide highly specialized advisory services in the field of planning...

Expert comment: "The New Chance Policy and the closely related Restructuring Law are two major steps towards changing the philosophy of approaching insolvency. Changing the culture of liquidation to a culture of restructuring. Two major steps, but still only the first. We still have a lot of work to do to change the mentality of entrepreneurs, so that they use tools from a wide range of new restructuring procedures much more often and at the earliest possible stages of the crisis. To change...

Małgorzata Anisimowicz, a recognized trustee in the community, decided to break with the previous convention of working in her own law firm and follow a completely new path. This is how the idea of creating the company PMR Restrukturyzacje SA was born. Supervisor, Manager, Mediator, licensed trustee, simultaneously conducting many bankruptcy proceedings. Vice-Dean of the National Chamber of Trustees and President of the District Chamber of Trustees in Wrocław. In short, Małgorzata Anisimowicz, who has been restructuring bankrupt companies for over 14 years...

Revolutionary regulations are a challenge for everyone. The creation of the New Restructuring Law and profound changes in the Bankruptcy Law indicate a long-standing need to implement changes for entrepreneurs, both those who are insolvent and those who are only threatened with insolvency. The regulations coming into force on 1 January 2016 are groundbreaking, and for Polish legal conditions, downright revolutionary. Nevertheless, the success of the new regulations depends primarily on the participants in the restructuring processes....