Has it ever happened that a bailiff knocks on your door and tries to sell your property? Or maybe you are being harassed by debt collection companies? Sometimes such companies will contact you out of the blue and you will not know what to do. It may happen that you forget about your debt and the creditors will not remind you, but will immediately take legal action or debt collection. Below we present how to effectively check your debt and what to do to avoid such unpleasant surprises. Table of contents: Where...

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 cooperation with you has for us. In a dedicated space, we will post case studies, various stories - from small companies to large enterprises,...

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...

Participation in bankruptcy or restructuring proceedings requires commitment, knowledge of one's obligations and the available tools to implement them. One of the basic principles of law states "ignorantia iuris nocet" which means "ignorance of the law is harmful". Therefore, with this article we continue the series in which we will gradually introduce our readers to who is who in restructuring and bankruptcy proceedings. Bankruptcy Trustee Can bankruptcy proceedings be conducted...

Developing arrangement proposals as part of restructuring proceedings is an extremely individual process and should be "tailor-made". Each crisis situation is unique, which means that proposals must be adapted to the specific conditions of a given enterprise and the expectations of creditors. The key task of a restructuring advisor is to create proposals that are both feasible for the entrepreneur and acceptable to creditors. Thanks to his professional...

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/ Pursuant to art. 23 sec. 1 of the Act on the Protection of Whistleblowers, the regulations...

In restructuring proceedings, the restructuring advisor is responsible for key tasks, such as talks with creditors, communicating the purpose of the proceedings, explaining the reasons for the crisis situation, and presenting the possibilities of further actions and repayment of receivables included in the arrangement. Only good communication allows the restructuring goal to be achieved. An effective advisor is able to negotiate favorable conditions for both parties, building trust and cooperation between the company and its creditors....

Analysis of data on the phenomenon of company bankruptcy in Europe according to available registers allows us to draw conclusions that the scale of the phenomenon of bankruptcy in Poland is not as large as in Western European countries. So is bankruptcy as the end of a company's existence perceived in the same way in Europe? Are there tools to protect against bankruptcy and do entrepreneurs use them? In Europe, in the first three years of operation, about 30% new companies end their operations. Within five...

Opening restructuring proceedings is a key step that can bring many positive effects to an entrepreneur. First of all, it provides protection from creditors, giving the company the necessary time to implement remedial actions. Thanks to this, the company can avoid bankruptcy, restructure its liabilities and improve financial liquidity. This procedure also allows for negotiations with creditors in more controlled conditions, which increases the chances of working out favorable...

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...