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 counterparty 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 reimbursement is proposed by the Act - Restructuring Law, enabling judicial initiation of debtor restructuring. Contrary to the accepted opinion, it does not constitute only chance to repair crisis situation for the debtor, but also becomes an effective tool for recovering debts for the creditor. The creditor has the right to file an application for the restructuring of the debtor, in order to bring about a legal agreement between the parties regarding the repayment of the debt as a result of remedial actions taken by the debtor.
Possessed competences and gained experience in many industries and all types of restructuring of companies in crisis, both through accelerated arrangement proceedings, arrangement proceedings, arrangement approval proceedings and restructuring proceedings, we use them to develop satisfactory arrangement agreements and their effective implementation for the benefit of private and public creditors.
We represent interests in restructuring proceedings:
- private and state-owned enterprises,
- banks,
- leasing companies and factoring,
- Tax offices,
- ZUS
- and other institutions.
The range of our activities includes:
- Legal representation of creditors in accepted restructuring proceedings
- Preparation and submission of a restructuring application
- Representation of the creditor towards arrangement proposals
- Control of the debtor's restructuring process and supervision of its implementation
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