Opening restructuring proceedings is like spreading a protective umbrella over a company in difficult times. This procedure allows the company to gain the necessary time and space to implement remedial actions, protecting it from bailiffs and debt collection enforcement. Thanks to this, the company can focus on regaining financial stability, restructuring liabilities and developing a strategy for further development. Restructuring proceedings provide a chance to rebuild the company's condition...

Choosing the right restructuring procedure is key to the success of any company in a difficult financial situation. A properly selected restructuring strategy can not only help you get out of the crisis, but also provide a solid foundation for future development. Every company is different, so it is important to choose solutions that best suit its specificity and needs. A professional analysis of the situation and consultation with an experienced advisor...

The first liquidity bottlenecks, difficulties in settling liabilities, rising costs of running a business and falling profitability - this is the moment when it is worth arranging a consultation with the Restructuring Advisor's Office. A professional advisor will analyze the current situation of your company and present specific actions that will help achieve financial stabilization. Together with the advisor, you will define strategic goals and methods of their implementation, which will allow for the restoration of financial liquidity...

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 would like to start a series in which we will gradually introduce our readers to who is who in restructuring and bankruptcy proceedings. Administrator of the sanation estate One type of restructuring proceedings...

The situation in the company is starting to get complicated – it is becoming increasingly difficult for us to settle current liabilities. We often hear that “everything will stabilize”, but this is an illusory hope. Without taking decisive steps, our problems will only get worse. We cannot wait for bank accounts to be seized – it is high time to act. Remember that any decision is better than no decision. By taking the initiative, we can protect the company from a serious crisis. Proactive actions, such as monitoring...

A second chance for your company In May of this year, an article was published on the PMR Restrukturyzacje SA website, introducing the issue of the procedure for changing the arrangement. The presented topic was of interest to you and revealed that not all entrepreneurs who are in the process of executing the arrangement adopted in the restructuring procedure are aware of the existence of such a solution and the possibilities and benefits it brings. It is necessary to start by explaining...

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...

Restructuring for an entrepreneur can be seen as a positive transformation and change, especially in the context of numerology, where the number 13 symbolizes transformation. The restructuring process often means transforming existing structures and strategies of a company in order to improve its efficiency and adapt to changing market conditions. For an entrepreneur, it can be an opportunity to reduce costs, restructure liabilities and optimize processes, which in the long run...

According to data published by the Central Economic Information Center, 9,184 people declared consumer bankruptcy in the first 5 months of 2024. This is the highest number of consumer bankruptcies in the history of this institution. What do these data mean and what can we expect? The growing number of consumer bankruptcies is primarily due to the difficult economic situation of many consumers, who, having no other choice, reach for - as it may seem - financial means...

Negotiations with creditors in the restructuring process refer to attempts to reach an agreement between the company (debtor) and its creditors in order to restructure financial obligations and improve the financial condition of the company. This process aims to find a balance between the interests of the debtor, who wants to avoid bankruptcy, and the interests of creditors, who seek to recover as much of their receivables as possible. To achieve the goal in the restructuring process, it is important...