{"id":5954,"date":"2023-06-08T13:24:02","date_gmt":"2023-06-08T11:24:02","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/?p=75"},"modified":"2025-04-16T13:37:55","modified_gmt":"2025-04-16T13:37:55","slug":"wants-to-carry-out-a-simplified-restructuring-procedure","status":"publish","type":"post","link":"https:\/\/pmr-restrukturyzacje.pl\/en\/wants-to-carry-out-a-simplified-restructuring-procedure\/","title":{"rendered":"I want to conduct simplified restructuring proceedings \ud83c\udfac"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>You are interested in the procedure for the approval of an arrangement - no wonder - it is the most common form of restructuring chosen by more than 92% of all restructured companies in 2023<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Approval of Arrangement procedure popularly known as simplified restructuring is the fastest, cheapest and safest solution for companies facing difficulties.<\/p>\n\n\n\n<div class=\"wp-block-video-lightbox-for-guten-blocks-videolightbox\"><style>\n      .zwt-vlfgb-bc50jokt-fancy-custom .fancybox__backdrop {\n        background:  !important;\n        opacity: 0.8 !important;\n      }\n      .zwt-vlfgb-bc50jokt-fancy-custom .fancybox__content {\n        max-width: 640px;\n        width: 100% !important;\n      }\n      .zwt-vlfgb-bc50jokt{\n        background-color:  !important;\n        color:  !important;\n        border: 0px solid  !important;\n        border-radius: 0px !important;\n      }\n      .zwt-vlfgb-bc50jokt:hover {\n        background-color:  !important;\n        color:  !important;\n        border: 0px solid  !important;\n      }\n      .video-thumbnail.zwt-vlfgb-bc50jokt{\n        border-radius: 10px !important;\n      }\n      \/* Add more styles as needed *\/\n    <\/style><a data-fancybox=\"zwt-vlfgb-bc50jokt\" data-fancy-class=\"zwt-vlfgb-bc50jokt\" href=\"https:\/\/www.youtube.com\/shorts\/J23K6X1fUFo\" class=\"video-thumbnail zwt-vlfgb-bc50jokt\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/pmr-restrukturyzacje.pl\/wp-content\/uploads\/2024\/09\/user02.jpg\" alt=\"pmr-restructuring\" title=\"\"><svg viewbox=\"0 0 24 24\" class=\"play-icon\" width=\"30\"><g><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M12 22C17.5228 22 22 17.5228 22 12C22 6.47715 17.5228 2 12 2C6.47715 2 2 6.47715 2 12C2 17.5228 6.47715 22 12 22ZM10.6935 15.8458L15.4137 13.059C16.1954 12.5974 16.1954 11.4026 15.4137 10.941L10.6935 8.15419C9.93371 7.70561 9 8.28947 9 9.21316V14.7868C9 15.7105 9.93371 16.2944 10.6935 15.8458Z\" fill=\"currentColor\"><\/path> <\/g><\/svg><\/a><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">First - <strong>it is the Entrepreneur who decides when the proceedings will be opened<\/strong> (court approval is not required). If the need arises, it is even possible to open on the same day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Second - <strong>it is the entrepreneur who chooses the restructuring advisor<\/strong> (it is not randomly determined by the Court). Considering the importance <a href=\"https:\/\/pmr-restrukturyzacje.pl\/en\/the-restructuring-advisor-provides-support-and-obtains-the-necessary-funds\/\" data-wpil-monitor-id=\"2050\">restructuring adviser<\/a> for the success of the entire process, including its: experience, competence, efficiency, this is one of the key advantages.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Third <strong>the possibility of ensuring far-reaching and complete <a href=\"https:\/\/pmr-restrukturyzacje.pl\/en\/how-to-get-protection-from-bailiff-enforcement\/\" data-wpil-monitor-id=\"1851\">protection against execution<\/a> for a period from 4 months to even 12 months.<\/strong><strong> <\/strong>During the period from the date on which the notice of arrangement day is made, existing enforcement proceedings shall be suspended by operation of law and new ones may not be initiated against the debtor for a minimum period of four months and, in the case of an application for approval of the arrangement, until it is examined.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fourth <strong>protection of the entrepreneur by securing the continuation of contracts essential to the running of the business<\/strong>, including leases, rental agreements, loans;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fifth <strong>the possibility of extending the composition agreement to claims secured in rem<\/strong> or secured by a security transfer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sixth - lowest cost.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Simplified restructuring<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Our experience shows that since the implementation <a href=\"https:\/\/pmr-restrukturyzacje.pl\/en\/restructuring-for-farmers-problems-what-should-be-the-proposed-solutions\/\" data-wpil-monitor-id=\"221\">restructuring solutions<\/a> preventive - a simplified procedure in the form of an arrangement approval procedure - entrepreneurs are increasingly attempting to save their businesses, instead of reaching for liquidation or bankruptcy solutions. There is a clear increase in awareness of the availability of legal tools that enable entrepreneurs who have financial problems to maintain control over their business and ensure protection from creditors for the time necessary to implement remedial actions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Proceedings for the approval of an arrangement, called PZU for short, are conducted for the most part without the participation of the court. The basis for initiating the PAP is the conclusion of an agreement with a restructuring advisor selected by the entrepreneur, submission to the advisor of the necessary information such as the Preliminary Inventory of Receivables, the Preliminary Restructuring Plan. These documents enable the adviser to make a notice of arrangement day, with which the period of protection of the enterprise from enforcement proceedings begins and the existing ones are suspended. The next stage is the collection of creditors' votes. The restructuring adviser is responsible for verifying that the creditors' votes have been properly lodged, and prepares an opinion on the feasibility of the arrangement and a report from the arrangement supervisor. If the majority support of the proposed arrangement by the creditors, as required by law, is obtained, the entrepreneur submits an application to the Court for approval of the arrangement. From the date of filing the application until its approval, the protection of the enterprise is extended.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"http:\/\/pmr-restrukturyzacje.local\/pmr\/wp-content\/uploads\/2023\/06\/6-etapow-uproszczonego-postepowania-restrukturyzacyjnego-1024x577.jpg\" alt=\"\" class=\"wp-image-216\" title=\"\"><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">For whom Simplified Restructuring:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>for entrepreneurs,<\/li>\n\n\n\n<li>limited liability companies,<\/li>\n\n\n\n<li>simple public limited companies<\/li>\n\n\n\n<li>public limited liability companies not engaged in commercial activities<\/li>\n\n\n\n<li>partners of commercial partnerships<\/li>\n\n\n\n<li>partners in a partnership<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">When simplified restructuring?<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>when the first difficulties arise in meeting obligations on time<\/li>\n\n\n\n<li>when circumstances arise which indicate that liquidity problems will arise in the near future (<em>loss of contract, questionable litigation<\/em>)<\/li>\n\n\n\n<li>when there is or appears to be a threat of enforcement proceedings, seizure of accounts, assets<\/li>\n\n\n\n<li><a href=\"https:\/\/pmr-restrukturyzacje.pl\/en\/funding-is-key\/\" data-wpil-monitor-id=\"2031\"><\/a>when it is crucial to safeguard against termination of key contracts (<em>commercial, rental, credit<\/em>)<\/li>\n\n\n\n<li>when temporary suspension of payment of obligations is needed<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Important information:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The procedure for approval of an arrangement is the fastest, cheapest and safest restructuring procedure available;<\/li>\n\n\n\n<li>The procedure for approval of an arrangement makes it possible to restructure all, but also only selected liabilities;<\/li>\n\n\n\n<li>Approval of an arrangement in an arrangement approval procedure protects the company's board of directors from liability for the company's debts;<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>You&#039;re interested in arrangement approval proceedings \u2013 no wonder \u2013 it&#039;s the most frequently chosen form of restructuring, chosen by over 92% of all restructured companies in 2023. Arrangement Approval Procedure, commonly known as simplified restructuring, is the fastest, cheapest, and most secure solution for companies struggling with difficulties. Firstly, the entrepreneur decides when the proceedings will be opened (no court approval is required). If necessary, it can be opened even on the same day. Secondly, the entrepreneur selects the restructuring advisor (they are not randomly selected by the court). Considering the importance of the restructuring advisor to the success of the entire process, including their experience, competence, and efficiency, this is one of the key advantages. Thirdly, the ability to provide long-term and comprehensive protection against enforcement for a period of 4 to 12 months. From the date of the announcement setting the arrangement date, existing enforcement proceedings are suspended by operation of law, and new proceedings cannot be initiated against the debtor for a minimum period of four months, and in the case of an application for arrangement approval, until the application is reviewed. Fourth, protection for the entrepreneur by securing the continuation of contracts essential to the business, including leases, rental agreements, and loans. Fifth, the possibility of including receivables secured by collateral or transfer of ownership as security in the arrangement. Sixth, the lowest costs. Simplified restructuring. Our experience shows that since the implementation of preventive restructuring solutions \u2013 a simplified procedure in the form of an arrangement approval procedure \u2013 entrepreneurs are increasingly attempting to save their businesses instead of resorting to liquidation or bankruptcy. There is a significant increase in awareness of the availability of legal tools that enable entrepreneurs experiencing financial difficulties to retain control of their business and ensure protection from creditors for the time necessary to implement remedial measures. Arrangement approval proceedings, commonly known as PZU, are largely conducted without court involvement. The basis for initiating a PZU restructuring is the conclusion of an agreement with a restructuring advisor selected by the entrepreneur, providing the advisor with necessary information, such as a Preliminary List of Receivables and a Preliminary Restructuring Plan. These documents allow the advisor to announce the arrangement date, which begins the company&#039;s protection period against enforcement proceedings and suspends existing proceedings. The next step is collecting creditor votes. The restructuring advisor is responsible for verifying the correct submission of votes by creditors, preparing an opinion on the feasibility of the arrangement, and preparing a report from the arrangement supervisor. If the proposed arrangement receives the statutory majority support from creditors, the entrepreneur files a motion for arrangement approval with the court. From the date of filing the motion until its approval, the company&#039;s protection is extended. Who is eligible for Simplified Restructuring? When is simplified restructuring? Important information:<\/p>","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[18],"tags":[],"ppma_author":[30],"class_list":["post-5954","post","type-post","status-publish","format-standard","hentry","category-restrukturyzacja-firmy"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmr-restrukturyzacje.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmr-restrukturyzacje.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/posts\/5954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/comments?post=5954"}],"version-history":[{"count":0,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/posts\/5954\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/media?parent=5954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/categories?post=5954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/tags?post=5954"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=5954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}