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How can we help you?

I am considering restructuring the company

Restructuring a company is an effective tool against financial distress and protection against bankruptcy. Here are some of the key advantages of restructuring that can contribute to the stability and survival of the company: 1.Restructuring, in its initial phase, enables a thorough analysis of the company's financial and operational situation. The analysis identifies the main problems and challenges that have contributed to the current difficulties. Introducing changes and adjusting the strategy will help to effectively solve the problems and avoid further deterioration of the financial situation. 2.Restructuring gives the company the opportunity to renegotiate financial terms with creditors. This may include restructuring debt, renegotiating the repayment schedule, reducing interest rates or even obtaining additional financing. Restructuring provides opportunities to regain liquidity and reduce liabilities. 3.Restructuring allows for a careful analysis of the company's cost structure and identification of areas where savings can be implemented. This may include reducing operating costs, optimising business processes, restructuring teams or relocating operations. Improving efficiency and reducing costs will improve profitability and strengthen the company's financial position. [...]


How to reduce your debts

Getting out of debt does not have to be unattainable. Our experience in the area of debt management has produced a number of steps that should be taken: 1. analysis and budgeting: conduct a thorough analysis of your financial situation, identify all debts and create a realistic budget. Being aware of your finances will allow you to better manage your liabilities and determine how much you can set aside to pay off your debts. 2. Negotiate with creditors: Contact your creditors and start negotiating repayment terms. You may be able to get a partial write-off of your debts, an interest rate reduction, an extension of the repayment period or negotiate a new repayment plan that is tailored to your financial situation. 3 Repayment plan: Develop a repayment plan that prioritises debts with the highest interest rates or shortest repayment periods. Work out a strategy to repay these debts on a regular basis, consistently sticking to a set budget. 4 Reduce expenses: Conduct a thorough analysis of your expenses and identify areas where you can make savings. Reduce unnecessary expenses and focus on your basic needs so that you have more money to [...]


I am indebted to Social Security and the Tax Office. What can I do?

If you have a debt to ZUS (Social Insurance Company) or US (Tax Office), there are certain steps you can take to resolve the problem. Watch a short video in which Solicitor Aleksandra Pakuła answers the question: what steps should you take to resolve your debt with ZUS, US? Here are some suggestions: 1. Contact: The first step is to contact the relevant institutions, i.e. ZUS and the Tax Office. Explain your situation and ask about the possibility of negotiating debt repayment. Often these institutions are open to conversation and can offer favourable solutions, such as spreading the debt into instalments. 2 Negotiate repayment terms: When talking to Social Security and the Tax Administration, ask about the possibility of negotiating the repayment terms of your debt. It is often possible to obtain an extension of the repayment period or to agree on convenient instalments that suit your financial possibilities. 3 Repayment plan: Work out a repayment plan, taking into account the amount of debt and your current income. Determine how much you are able to regularly set aside to repay your debt to the Social Security [...]


How to get protection from enforcement, bailiffs

The initiation of restructuring proceedings offers the debtor a wide range of benefits. First and foremost, he receives protection that allows him to focus on negotiating with his creditors without fear of losing his assets as a result of bailiff enforcement. This is important because it gives the debtor the time and space to work out an agreement with his creditors on the repayment of the debt. And what steps can be taken are outlined below: 1. consult a restructuring adviser who can help you understand the legal processes involved in restructuring and outline your options to protect yourself from enforcement. 2. Prepare a restructuring plan, which you will present to the restructuring advisor. Together you will decide whether to open restructuring proceedings. 3. Agree with the restructuring adviser on a possible date for the announcement of the opening of the simplified restructuring proceedings. In accordance with the applicable regulations, the announcement of the opening of the simplified restructuring procedure suspends executions. 4 Negotiate with your creditors, if you engage in the restructuring process, your creditors may be more willing to enter into a settlement/arrangement and suspend enforcement actions. It is important to note that restructuring proceedings also take into account the rights of creditors. Creditors [...]


How to deal with a company crisis

The sooner action is taken, the better the chances that the crisis can be averted. A good solution is to carry out analyses or contact an external specialist to audit the company: 1. Conduct a company analysis2. Assess the strengths and weaknesses of your company3. Diagnose problems4. Develop an action plan Or use our services and carry out a company audit i.e: Company audit - the examination of the regularity and efficiency of a company's operations, including financial and operational audits, is a key element in the diagnosis of the situation in which it finds itself. Financial audit including the possibility of providing services in the field of: The stages of our financial audit, based on International Financial Reporting Standards (IFRS) and accounting principles applicable on the Polish market, include: as well as: Operational audit giving an assessment of the effectiveness and efficiency of the company's operations. Depending on the objective, it takes on different configurations of activities, as different activities will be undertaken for the audit related to the introduction of lean management methodologies, targeted ERP systems, [...].


How can I get help with the restructuring process

The purpose of restructuring is primarily to protect against bankruptcy. The process itself consists of taking measures to improve the situation of companies. Restructuring is any type of undertaking that is intended to increase the profitability of a given company. These can be legal as well as economic or marketing measures. Our specialists carry out the following restructuring processes: Restructuring of companies We specialise in both remedial restructuring, concerning the rapid improvement of the efficiency of companies in a situation of prolonged crisis and the threat of insolvency, carried out mostly on the basis of the provisions of the Restructuring Law Act, as well as developmental restructuring, which has a prospective character. Restructuring of companies in crisis We build our cooperation offer based on the individual character of our client, directing it both to companies in crisis and creditors. We appoint an interdisciplinary team of experts to carry out restructuring projects, including financial modelling, restructuring consultancy, law, management, tax and accounting, experienced negotiators and market analysts. Pointing to the specificity and multi-faceted nature of the change phase that results from the architecture of restructuring operations, we provide: [...]


I want to analyse ways out of the crisis

A crisis concerning economic performance and the ability to cover current liabilities is a crucial stage in the life cycle of a company, where the choice of the right management tools determines its continued survival and development. The cooperation we undertake in protecting a company is first and foremost an awareness of its specificity and individuality. However, our many years of experience in successful recovery solutions for large companies as well as the SME sector and the variety of restructuring processes carried out, allow us to use proven instruments to exit the crisis and return to operational efficiency. Our overriding aim is to protect our clients' businesses, ensuring the security of cooperation and guaranteeing the highest standards of service. In turn, our passion for creating and implementing an architecture for business recovery, developing legal, financial and market solutions to restore business efficiency, pays off with the trust of our clients and thus with a doubly successful restructuring for us. We have developed a position as a leading player in the law and practice of restructuring proceedings. Our crisis management offering includes activities within the process: In an insolvency crisis, an important issue becomes [...]


My situation is different

If your situation is different to the ones described, call, email, come and we will give you an answer. The choice of restructuring procedure depends on your financial situation and is assessed at the first stage of cooperation.


I want to avoid declaring bankruptcy

Running a business often involves considerable discomfort, risk and often makes it difficult for entrepreneurs to function normally. Usually, the bankruptcy of a business is the result of a long process that can be predicted. The key to protecting yourself from bankruptcy is to exercise ongoing control over your business finances and make responsible decisions. Here is some advice on what to do to avoid bankruptcy: 1. conduct an analysis of the economic situation of your business 2. consult a restructuring advisor who can help you understand the legal processes involved in restructuring and outline your options for bankruptcy protection. 3 Prepare a restructuring plan, which you will present to the restructuring advisor. Together you will decide whether to open restructuring proceedings. 4. Agree with the restructuring adviser on a possible date for the announcement of the opening of the simplified restructuring proceedings. In accordance with the applicable regulations, the announcement of the opening of the simplified restructuring procedure suspends executions. 5 Negotiate with your creditors, if you engage in the restructuring process, your creditors may be more willing to reach a settlement/arrangement and suspend enforcement actions. In a situation of imminent company bankruptcy, first and foremost, [...]


How do I get my company audited

An audit is an objective and reliable look at an organisation and its functioning. An auditor or a team of auditors are specialists in many areas of business who, with their knowledge and tools, carry out a comprehensive analysis of the company's existing situation, the processes in the organisation, and prepare recommendations with solutions. Our team of specialists in the field of complex company analysis carries out the following types of audits: Enterprise audit - the examination of the regularity and efficiency of a company's operations, including financial and operational audits, is a key element in the diagnosis of the situation in which the company finds itself. Financial audit including the possibility of providing services for: The stages of our financial audit, based on International Financial Reporting Standards (IFRS) and accounting principles applicable on the Polish market, include: as well as: Operational audit giving an assessment of the effectiveness and efficiency of the company's operations. Depending on the objective, it takes on different configurations of activities, as different activities will be undertaken for an audit related to the introduction of lean management methodologies, targeted ERP systems, a [...]


I need a legal analysis

PMR Restructuring and our cooperating law firms form a team of experienced restructuring advisors, legal advisors and attorneys providing comprehensive legal services in all aspects of a company's operations and the situation in which it finds itself. Our main specialisations: - Restructuring law - Company law - Contract law - Tax proceedings - Compliance services - Transactions, mergers and acquisitions.


What to do to obtain funding

Supporting companies in obtaining financing to secure the implementation of their plans is a priority and a fundamental step for us in building the architecture of a restructuring project or a new business venture. We cooperate with public institutions and private entities, and the results of our clients' cooperation with investment funds to date have allowed us to create partnership relations and trust in the proposed scope of investment. For companies in the phase of liquidity and debt crisis Our specialisation, as part of the full service of the restructuring process, is support in attracting investors, proposing options of financial support and analysing its most effective variants for the company. We prepare financing scenarios taking into account both loan financing and debt securities issuance. For companies planning investment projects and start-ups, we also offer support in obtaining and selecting the appropriate structure of project financing, at every stage of the company's strategic development, from business plans for start-ups, investment plans for new ventures to development restructuring.


What to do to recover your claims

The risk of receivables from transactions not being received within the required timeframe affects almost every business at various stages of its life. However, with the spectre of the counterparty's insolvency and the associated consequences, the receipt of receivables becomes ineffective and, in the absence of proper collateral, impossible. Safeguarding the process of coordination and control of the recovery of receivables is proposed by the Act - Restructuring Law, which allows the judicial commencement of restructuring of the debtor. Contrary to accepted opinion, it does not only provide an opportunity to rectify the crisis situation for the debtor, but also becomes an effective tool for the creditor to recover the debt. The creditor has the right to file an application for restructuring of the debtor, in order to bring about a legal agreement between the parties on the repayment of the debt, as a result of corrective measures taken by the debtor. We use our competence and experience gained in many industries and all types of restructuring of companies in crisis, whether through accelerated arrangement proceedings, composition proceedings, proceedings for approval of an arrangement or sanctioning proceedings, to work out satisfactory arrangement agreements and their effective implementation for the benefit of private creditors [...]


I want to carry out a simplified restructuring procedure

You are interested in the procedure for Approval of Arrangement - no wonder - it is the most frequently chosen form of restructuring, with over 92% of all restructured companies opting for it in 2023. The Procedure for Approval of Arrangement popularly known as simplified restructuring is the fastest, cheapest and safest solution for companies facing difficulties. Firstly, you decide when the proceedings will be opened (court approval is not required). If necessary, it is even possible to open on the same day. Secondly, you are the one who chooses the restructuring advisor (he or she is not randomly appointed by the court). Considering the importance of the restructuring advisor for the success of the entire process, including his: experience, competence, efficiency, this is one of the key advantages. Thirdly, the possibility to provide far-reaching and full protection from enforcement for a period of 4 m-terms to even 12 m-terms. During the period from the date of the notice of determination of the day of arrangement, existing enforcement proceedings are suspended by operation of law and new ones are not [...]


Other forms of restructuring

This procedure is intended for debtors who are able, with the support of a restructuring advisor and without the participation of the court, to collect the votes of the required majority of their creditors supporting the terms of the arrangement. public-law liabilities such as those to ZUS or tax liabilities Accelerated arrangement procedure This is a relatively quick restructuring procedure, opened at the request of the debtor and conducted before the Restructuring Court, allowing an arrangement to be concluded after the list of receivables has been drawn up and approved in a simplified manner. This type of proceeding may only be conducted with respect to entrepreneurs in which the sum of disputed claims entitled to vote on the arrangement does not exceed 15% of the sum of claims entitled to vote on the arrangement. It is one of the two types of proceedings (in addition to proceedings for approval of an arrangement) that allow for the inclusion in the proceedings and restructuring of only a part of the existing receivables that have a significant impact on the further functioning of the enterprise, e.g. public-law liabilities (also towards the Social Security [...].


Free consultation

Our work is guided by the overriding goal of helping entrepreneurs in difficult situations. How can we help you? Leave your contact and we will get back to you immediately. The first conversation with a restructuring consultant is also possible online, you do not have to come to us, we will come to you.


PMR Restrukturyzacje
PMR Restructuring @ 2024
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