1. Why Restructure Debt?
Debt restructuring is a strategic tool to restore solvency and preserve your business. Goals:
- reduce debt burden and eliminate cash flow gaps;
- maintain jobs and company value;
- gain time to improve efficiency and reorganize;
- avoid bankruptcy costs.
2. Debt Restructuring Options in Poland
Poland has formal restructuring procedures under Prawo restrukturyzacyjne:
- Accelerated arrangement procedure (Przyspieszone postępowanie układowe) — a fast-track arrangement;
- Ordinary arrangement procedure (Zwykłe postępowanie układowe) — standard arrangement;
- Arrangement approval procedure (Postępowanie o zatwierdzenie układu) — without declaring bankruptcy;
- Sanation procedure (Postępowanie sanacyjne) — aimed at enterprise recovery.
3. Step-by-Step Action Plan
Step 1 — Assess the Situation
Collect current reports and cash flow forecasts.
Step 2 — Negotiate with Creditors
Sometimes agreements can be reached without court involvement.
Step 3 — Choose Procedure and Submit Application
Determine the optimal option with a lawyer.
Step 4 — Implement the Plan and Monitor
Fulfill conditions, report, and monitor progress.
4. Legal Details and Official Registers
The key tool is Krajowy Rejestr Zadłużonych (KRZ), where all proceedings can be checked.
5. Practical Recommendations from BST Group
- Start as early as possible.
- Assemble a team (lawyer, accountant, consultant).
- Prepare a transparent plan for creditors.
- Check data in KRZ.
- Consider alternatives (sell part of the business, investor involvement).
6. Frequently Asked Questions
- What is debt restructuring, and how is it different from bankruptcy?
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Restructuring preserves the business, whereas bankruptcy leads to liquidation.
- Where can I check if a company’s proceeding is open?
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On the KRZ portal.
- What documents are needed to submit an application?
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Financial statements, creditor list, draft restructuring plan, and incorporation documents.
7. Contact BST Group
- Email: contact@bstgroup.example
- Phone: +48 12 345 67 89
- Services: legal support, accounting, negotiations, court representation.
