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....

Under the New Restructuring Law, entrepreneurs who are at risk of insolvency will be able to use tools that protect them from aggressive debt collection and further loss of liquidity. How can companies be helped in practice, explains restructuring advisor Maciej Roch Pietrzak. The Restructuring Law introduces new regulations on ways to get out of debt. How to choose the optimal solution? The new act simplifies restructuring procedures and introduces effective tools...