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....

In 2023, the highest number of companies in history disappeared from the Polish market - as many as 220 thousand. Over 327 thousand suspended their activities. These numbers are screaming!!! Entrepreneurs cannot bear the current costs in the company. Profitability is falling - Let's Protect Entrepreneurs More than half of companies in 2023 gave inflationary increases to their employees at the expense of servicing current due liabilities💰 📈. What does it look like in 2024? Inflation is falling, what do employees say about it? WE HELP ENTREPRENEURS SURVIVE THIS DIFFICULT...

According to the money.pl portal, 2024 will bring a number of actions by companies towards employee layoffs. According to a study by Randstad, over 55 percent. Poles fear that the crisis will negatively affect their employment 💼 In turn, almost every third Pole is afraid of losing their job. 👉 More and more Poles are afraid that the current economic situation may affect their professional career. It is hardly surprising - more and more companies are announcing mass layoffs in order to reduce costs. This gives rise to many...

Is this real help for Entrepreneurs? Will Entrepreneurs live better in the "new reality" after October 15, 2023? Will this be enough for Entrepreneurs to breathe a sigh of relief? Some entrepreneurs affected by the tax changes have a positive reception for the planned changes. Although most are still skeptical. According to the proposed changes, they only apply to some of the beauty industry services. Entrepreneurs ask why the beauty industry and not, for example, photography. Where are the economic analyses confirming...

Solving the problems of Polish agriculture requires an integrated approach and cooperation between the government, agricultural organizations and farmers themselves. Necessary actions include introducing price stabilization, reducing production costs, simplifying access to support, investing in adaptation to climate change and promoting agriculture among young people. These are actions that require time. And what about farmers who are at risk of insolvency here and now and are threatened by the specter of bankruptcy? For farmers...