According to the Restructuring Law, the primary objective of the proceedings is to avoid bankruptcy. During the restructuring proceedings, the debtor and the out-of-court body carry out a number of activities aimed at improving the economic situation of the debtor's enterprise so that it can continue to operate in economic circulation. The following types of restructuring proceedings are distinguished: Arrangement approval proceedings Arrangement proceedings Accelerated arrangement proceedings Arrangement proceedings...

Arrangement change proceedings The subject related to the long-term projection of restructuring plans has met with great interest from our clients. It is worth emphasizing that the arrangement designed in the restructuring proceedings is not the final structure - it opens the way for entrepreneurs to further modifications when the financial conditions change. Our observations show that not all entrepreneurs who are in the process of implementing the arrangement are fully aware of this solution...

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...

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...

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...

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...

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...

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:...

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...

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...