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Proceedings for the modification of the arrangement Part 3
A Creditor's Perspective. We present another installment of our discussion on amending the arrangement, this time with a focus on creditors, who are the most important participants in the proceedings, as they hold the fate of the proposed amendment and, often, the debtor's continued existence in their hands. A few words about the article - Listen. Statistically, most proceedings to amend the arrangement are initiated as a result of a reduction in the debtor's business income, with the goal of obtaining...
How do you check your debts?
Has a bailiff ever knocked on your door and tried to sell your property? Or perhaps you're being harassed by debt collection agencies? Sometimes these companies contact you out of the blue, leaving you at a loss. You might forget about your debt, and creditors might not bother reminding you, but immediately pursue legal action or debt collection. Below, we'll explain how to effectively check your debt and what to do to avoid such unpleasant surprises. Table of Contents: A few words...
Our customer stories
The best proof of the quality of our services are the true stories of people who have experienced them. Each of our clients is a separate story about challenges that have been overcome, goals that have been achieved, and dreams that have become reality. We want you to be able to get to know these stories, because they best show how much value we have in working with you. In a dedicated space, we will post case studies, various stories - from small companies to large enterprises, from...
Consequences of withholding information materially affecting pending consumer insolvency proceedings - Part 2
This article is a continuation of the topic of disinformation in consumer bankruptcy proceedings and the effects it may cause. Most legal acts contain a list of entities to which the provisions contained therein may be applied. The Bankruptcy Law Act is no exception in this respect, as it contains provisions that regulate the scope of entities authorized to use the bankruptcy procedure. The basic division of bankruptcy institutions includes bankruptcy proceedings conducted against entrepreneurs...
Who is who in restructuring and insolvency proceedings part 2
Participating in bankruptcy or restructuring proceedings requires commitment, knowledge of one's obligations, and the tools available to fulfill them. One of the fundamental principles of law is "ignorantia iuris nocet," meaning "ignorance of the law is harmful." Therefore, with this article, we continue a series in which we will gradually introduce our readers to the "who's who" of restructuring and bankruptcy proceedings. A few words about the article - Listen to the Bankruptcy Trustee. Can you conduct...
Protection of whistleblowers - new responsibilities
How to implement whistleblower protection regulations? Do you employ more than 50 people under an employment contract and a contract of mandate? Are you a manager/director of an office and an organizational unit of a commune or district with more than 10,000 inhabitants? Implement whistleblower procedures to protect yourself from liability! Who must implement the regulations? https://pmr-restrukturyzacje.pl/zniknie-co-piaty-lokal-prace-straci-250-tys-osob/ According to art. 23 sec. 1 of the Act on the Protection of Whistleblowers, the regulations must be implemented by:...
Consequences of withholding information having a material effect on pending consumer insolvency proceedings - Part 1
Overly indebted people experience social exclusion, and this is particularly visible in the financial sphere. These people often escape into the grey zone to hide from enforcement by bailiffs. Declaring bankruptcy can lead to the cancellation of liabilities without the need to repay them or to repay them to a small extent. The institution of consumer bankruptcy is supposed to help overly indebted people in the so-called fresh start, i.e. to lead to the return of these people to full participation...
Who is who in restructuring and insolvency proceedings part 1
Participating in bankruptcy or restructuring proceedings requires commitment, understanding one's obligations, and the tools available to fulfill them. One of the fundamental principles of law is "ignorantia iuris nocet," meaning "ignorance of the law is harmful." Therefore, with this article, we would like to begin a series in which we will gradually introduce our readers to the "who's who" of restructuring and bankruptcy proceedings. A few words about the article - Listen to the Sanation Estate Administrator. One...
Proceedings for the modification of the arrangement Part 2
A Second Chance for Your Company. In May of this year, the PMR Restrukturyzacje SA website published an article introducing the topic of arrangement modification proceedings. The presented topic was met with interest and revealed that not all entrepreneurs in the process of implementing an arrangement adopted in restructuring proceedings are aware of the existence of such a solution and the opportunities and benefits it brings. A few words about the article - Listen to the article. Get started...
Restructuring processes of a company at risk of insolvency in cooperation with a restructuring advisor
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...
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