A family foundation is a modern form of management that was introduced into the Polish legal system by the Act of 26 January 2023. The provisions introducing the Family Foundation were created with those family businesses in mind that were built with hard work by their founders, who now received a succession tool from the legislator that allows them to secure the existence and development of the company without the need for division of inheritance or the consent of all stakeholders. Table of contents: A few words...

In Polish civil law, a donation is one of the forms of transferring property, which consists in the gratuitous transfer of goods or rights to the donee. However, making a donation, especially in the context of the threat of bankruptcy, may give rise to serious legal consequences. In a situation where the debtor is in a difficult financial situation and his bankruptcy is inevitable, making donations may be considered an action aimed at preventing the satisfaction of creditors. The aim of this article is to analyze...

Trust acquisition is a mechanism that, despite its many advantages, is relatively rarely used in Poland. This is interesting because it is commonly used, among others, in Anglo-Saxon law. Various types of trust structures are widely used in many areas of economic turnover. Table of contents: A few words about the article - Listen What is the institution of trust Trust agreement for shares in a capital company...

Remuneration of the Trustee in Business Bankruptcy The remuneration of the trustee in business bankruptcy is one of the significant costs for people deciding to file an application to open bankruptcy proceedings. So, what remuneration can the trustee in bankruptcy proceedings count on? Read the text below and find out the answers to the questions: Who is the trustee and what is his role in bankruptcy proceedings? What does the trustee's remuneration depend on? Who and when determines,...

As Terry Pratchett wrote, “If a man has a Plan, he is already halfway there.” Projection of intentions and actions within the framework of “healthy” activity allows for time optimization, improves management efficiency and streamlines processes. As practice shows, it is also of key importance for crisis management, which is why a restructuring plan is a fundamental document also in restructuring proceedings. Table of contents: A few words about the article - Listen What is...

Consumer bankruptcy is a court procedure for individuals who do not run a business and have become insolvent. Consumer bankruptcy allows individuals to discharge their debts and gain a new chance to rebuild their personal, family, and professional lives. A few words about the article - Listen. What is consumer bankruptcy? What are the benefits of consumer bankruptcy? Who can declare bankruptcy...

Table of Contents A few words about the article - Posłucha Introduction Termination of community of property based on a court decision Termination of community of property as a result of divorce Termination of community of property based on an agreement Conclusion A few words about the article - Posłucha Introduction Is the wife liable for the debts of her husband or the husband for the debts incurred by the wife? The answer is not clear and easy to give. The financial situation of the spouses...

Table of Contents: A Few Words About the Article - Listen 1. What is consumer bankruptcy? 2. What documents should be prepared to file a petition for consumer bankruptcy? 3. What does the proceeding before the Court look like in a case for the declaration of consumer bankruptcy? 4. What does the proceeding before the Trustee look like after the declaration of consumer bankruptcy? 5. What...

Consumer bankruptcy is definitely becoming more and more popular among people with financial problems. A large group of such people wonder whether they can declare bankruptcy without any assets and how long such proceedings will take. Table of Contents: A few words about the article - Listen Consumer bankruptcy - what is it Who can declare consumer bankruptcy How long does bankruptcy proceedings take...

Arrangement proposals are definitely the most important document in restructuring proceedings, being both an offer and a promise that the entrepreneur makes to his creditors. Properly prepared, realistic and feasible arrangement proposals are the key to success in restructuring proceedings, because they can help to keep the company on the market and secure the redistribution of funds as part of the implementation of the arrangement, securing the protection of the legitimate rights of creditors. In this...