Tailor-made restructuring

The Restructuring Law is a lifeline for companies that are insolvent and at risk of insolvency, allowing, among other things, protection against bailiff enforcement, protection against forced sale of assets, protection against bankruptcy, financial support from the Guaranteed Employee Benefits Fund, or the possibility to conclude an arrangement with creditors with a partial write-off of debts.

The entrepreneur has a choice of five types of restructuring proceedings, two of which with minimal court intervention.

Regardless of the type of proceedings, payment of claims legally subject to an arrangement arising prior to the date of the opening of the proceedings takes place after the creditors have voted on the arrangement proposals.

Condition determines

Wybór postępowania powinien być dopasowany do fazy kryzysu, czyli sumy wierzytelności, występowania zabezpieczeń na majątku, niezbędnych, radykalnych zmian w poszczególnych obszarach przedsiębiorstwa, czy chociażby możliwości samodzielnego zbierana głosów wierzycieli przez dłużnika.

- Proper preparation of the architecture of the actions to be taken, therefore, requires the preparation of analyses and scenarios for restructuring procedures, optimal for a given company, to ensure its protection against aggressive debt collection and bankruptcy, explains Małgorzata Anisimowicz, a qualified restructuring advisor and President of the Management Board of PMR Restrukturyzacje, and adds that proposals for the selection of restructuring proceedings are prepared by the restructuring advisor on the basis of an economic and restructuring audit.

The article appeared in Dziennik Gazeta Prawnaon 29 September 2020. We invite you to read the full version.