Leasing is one of the key sources of financing business activity in Poland, which is constantly gaining popularity. According to the data presented in the report prepared by the Polish Leasing Association and EY-Parthenon, the Polish leasing sector is the fastest growing market in the European Union, which has increased 6 times over the last 18 years, and its current growth rate exceeds 10% per year. In 2023, the barrier of PLN 100 billion in investments was broken...

Dozens of conducted restructuring proceedings and many hours of deliberations with entrepreneurs have allowed the PMR Restrukturyzacje SA law firm to develop a list of benefits of entering the simplified restructuring process: 1. Maintaining control over the financial situation: Simplified restructuring allows the company to approach financial problems professionally and boldly and maintain control over the situation. We stop "burying our heads in the sand"; 2. Avoiding bankruptcy: Effective...

Remedy for difficulties during the execution of the arrangement Opening restructuring proceedings is the first step on the road to regaining liquidity and avoiding bankruptcy, and the acceptance of the arrangement and its final approval is the moment when the Entrepreneur can finally breathe a sigh of relief. Firstly, as a rule, on this day there is a change in the due dates of the receivables covered by it, the method of their repayment, and often also the amount in connection with the partial cancellation of liabilities, Secondly, in the case of...

The wave of insolvencies in the country is gaining momentum. In the first quarter of this year, 1,537 companies reported them, 31 percent more than a year ago - according to Coface data. However, the driving force is not bankruptcies, but restructuring proceedings that are supposed to prevent them. In the first quarter of 2024, as many as 1,537 decided to do so, 33 percent more than a year ago. Until now, these were mainly private companies. However, public companies, including local government ones, are starting to appear on the list. By virtue of the Order of the District Court in Wałbrzych,...

   Cooperation between an entrepreneur and a restructuring advisor brings many benefits, especially when the company is facing financial difficulties or wants to avoid potential problems in the future. Here are some of the key benefits: 1. Professional analysis of the financial situation: The restructuring advisor analyzes the company's finances, helping to identify the causes of financial problems. Thanks to this, it is possible to implement effective solutions. In the event of a threat...

The year 2023 has brought with it extraordinary challenges for economies around the world. The COVID-19 pandemic has had a huge impact on many sectors and industries, leading to a record number of consumer bankruptcies. In this article, we will present the forecasts of the PMR Restrukturyzacje law firm for the near future and look at the causes of this phenomenon and the effects of the record number of consumer bankruptcies in 2023. Consumer bankruptcies in numbers In 2020, the number of consumer bankruptcies...

The past year brought another record number of new restructuring proceedings. According to data from the Central Economic Information Centre, 4,244 restructuring proceedings were opened in 2023, while in the previous year 2,379 proceedings were opened, which is an increase of 78% year-on-year. It should be recalled that in the first year of implementation of the regulations – 2016 – 212 proceedings were opened based on the provisions of the Restructuring Law, while in the period from...

Dozens of conducted restructuring proceedings, many hours of deliberations with entrepreneurs. 1. Maintaining control over the financial situation: Simplified restructuring allows the company to approach financial problems professionally and boldly and maintain control over the situation. We stop "burying our heads in the sand"; 2. Avoiding bankruptcy: Effective restructuring is a solution to avoid formal bankruptcy of the company, which in turn minimizes the negative effects on owners,...

Can companies afford bankruptcy? Bankruptcy only for companies with assets! What to do when a bankruptcy petition has been dismissed? 😧 The year 2023 has shown that bankruptcy is not for everyone. The number of dismissed bankruptcy petitions is downright terrifying: Central Statistical Office data. 👉 The "Four Plagues of Polish Business" - the pandemic, the Polish Deal, the war in Ukraine and an avalanche of cost increases - have made the situation of small and sole proprietorships very difficult. In most entities, negative...

The year 2023 was a year of crisis for the transport industry. The economic cooling caused companies to generate losses ❗ and some companies had to use restructuring proceedings to stay afloat The year 2024 shows many changes, both legal and financial, for the transport industry. How will they cope. With these changes, small companies, of which there are a lot in the industry The year 2023 turned out to be a difficult year for many transport companies, a year "in the red", and for many even bankruptcy....