In the context of restructuring law, corporate restructuring refers to a process aimed at transforming and adjusting the financial, organizational or operational structure of an enterprise in order to improve its financial condition, efficiency or chances of survival. Restructuring law as a set of regulations and procedures aims to make it easier for an entrepreneur to go through the process in order to avoid bankruptcy. Remember that the purpose of restructuring proceedings, the purpose resulting from...

According to data published by the Central Economic Information Center, 9,184 people declared consumer bankruptcy in the first 5 months of 2024. This is the highest number of consumer bankruptcies in the history of this institution. What do these data mean and what can we expect? The growing number of consumer bankruptcies is primarily due to the difficult economic situation of many consumers, who, having no other choice, reach for - as it may seem - financial means...

Negotiations with creditors in the restructuring process refer to attempts to reach an agreement between the company (debtor) and its creditors in order to restructure financial obligations and improve the financial condition of the company. This process aims to find a balance between the interests of the debtor, who wants to avoid bankruptcy, and the interests of creditors, who seek to recover as much of their receivables as possible. To achieve the goal in the restructuring process, it is important...

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...