Does restructuring pay off The viability of restructuring should be analysed on a company-specific basis, its financial situation and the identified goals it wishes to achieve. The benefits of a properly executed restructuring can be truly tangible - from avoiding bankruptcy by improving operational and organisational efficiency, increasing competitiveness, profitability and goodwill, to the possibility of obtaining preferential financing.
The solutions introduced under the Restructuring Law, which can be implemented as part of the four restructuring proceedings considerably broaden the circle of benefits while safeguarding the company and the entire process.
Firstly, they make it possible to protect the business during the restructuring period against enforcement actions, which enables maintaining business continuity and its uninterrupted continuation.
Secondly, in the course of the proceedings it is possible to secure the continuation of the company's key contracts and the termination of those that are disadvantageous even when the contractual provisions are unacceptable.
Thirdly, it allows for a comprehensive arrangement with creditors, even in the absence of acceptance of some of them subject to the majority required by the Act leading to the amount of the debt and the manner of its repayment being set at a level that is feasible for the company.
Fourthly, in the proceedings, the entrepreneur can count on the support of the of a professional body such as restructuring advisorwhich starts at the action projection stage, through the negotiation process to the supervision of the implementation of the agreement.
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