Restructuring - news
Restructuring proceedings allows for suspension of action by bailiffs tax and court. Restructuring of both sole proprietorships and partnerships (e.g. general partnership) or capital companies (e.g. limited liability company) allows for recovery of financial liquidity by unlocking funds for ongoing business activities.
Restructuring - news
Restructuring proceedings allows for suspension of action by bailiffs tax and court. Restructuring of both sole proprietorships and partnerships (e.g. general partnership) or capital companies (e.g. limited liability company) allows for recovery of financial liquidity by unlocking funds for ongoing business activities.
When it is worth
use of the MEDIATOR
- Conflict situation - threat of litigation
- Litigation - multi-year trials
- No legal action possible - high costs
- The company's liquidity is at risk
- Negotiations stalled
- Conflict threatens business
Benefits of mediation:
- Low costs
- Rapid mediation process
- Court-approved settlement
- There are no losers
- Freedom to shape possible solutions
Let's talk,
and a solution will be found
We support Companies
What is restructuring?
Business restructuring is a process of specialised actions to prevent a company from declaring bankruptcy
The main objective of the restructuring is to reach a settlement with creditors, This is possible once the company's restructuring plans have been submitted.
Restructuring is designed to protect the entrepreneur, its assets in order to implement corrective measures and recover its operations.
Restructuring is one possible solution, if the entrepreneur is at risk of insolvency or is insolvent. Whether you own a sole proprietorship or manage a partnership or limited company, if you are in financial trouble, it is worthwhile to seek help from a specialist and restructure in a timely manner to avoid company bankruptcy.
Company restructuring- rescue from insolvency
Restructuring proceedings, whether sanction, arrangement or approval of an arrangement, can apply to virtually all entrepreneurs.
Corporate debt relief is a restructuring option for a sole trader, limited liability company, general partnership, joint stock company, as well as a civil partnership. It is a solution for both a large transport company and a small grocery shop.
The restructuring law states that restructuring proceedings can be used by any company, which is in a state of insolvency or feels that there is a good chance that such a state is about to arise. Company restructurings can involve completely different forms of debt. They are regarded as a lifeline that protects against bankruptcy, as they aim to restore the companies' earning capacity as well as protecting assets.
The restructuring law states that restructuring proceedings can be used by any company, which is in a state of insolvency or feels that there is a good chance that such a state is about to arise. Company restructurings can involve completely different forms of debt. They are regarded as a lifeline that protects against bankruptcy, as they aim to restore the companies' earning capacity as well as protecting assets.
Give us a call and we'll talk about your situation!
We support entrepreneurs
What does the process look like?
judicial restructuring?
1. conclusion of an agreement with a restructuring advisor
2. Submitting an application to the Court to open restructuring proceedings
3. opening of restructuring proceedings by the Court
4. development of a restructuring plan
5. evaluation of the restructuring plan by the participants in the proceedings
6. Submission of arrangement proposals
7. Convening the Creditors' Meeting to vote on the arrangement
8. Approval of the arrangement by the Court
9. Implementation of the system
Types of proceedings
restructuring
Business restructuring - rescue from bankruptcy
Restructuring proceedings, whether sanction, arrangement or approval of an arrangement, can apply to virtually all entrepreneurs.
Corporate debt relief is a restructuring option for a sole trader, limited liability company, general partnership, joint stock company, as well as a civil partnership. It is a solution for both a large transport company and a small grocery shop.
The restructuring law states that restructuring proceedings can be used by any company, which is in a state of insolvency or feels that there is a good chance that such a state is about to arise. Company restructurings can involve completely different forms of debt. They are regarded as a lifeline that protects against bankruptcy, as they aim to restore the companies' earning capacity as well as protecting assets.
However, you must remember, that time is of the essence in these situations! The sooner you act, the more you can gain. However, de-indebting a company is not everything, it is also important to protect your assets and minimise your liabilities. Restructuring proceedings are the only right solution for companies in crisis.
Give us a call and we'll talk about your situation!
We can helpYour company
Types of proceedings
restructuring
| Proceedings for approval of the arrangement | Accelerated arrangement procedure | Proceedings systemic | Proceedings sanctions |
| Time of opening of proceedings | Even 1 day - after signing the contract with the restructuring advisor | At the debtor's request submitted to the Restructuring Court - within 1 week of filing | At the debtor’s request submitted to the Restructuring Court – within six weeks. | At the debtor’s request submitted to the Restructuring Court – hearings – within six weeks. |
| Participation of the General Court | Minimum - at the stage of filing the application for approval of the arrangement | Fully conducted before the Court | Fully conducted before the Court | Fully conducted before the Court |
| Management of the company | Full on the part of the company after the notice of the day of arrangement limited to the scope of ordinary management | Management of the company in the ordinary course of business | Management of the company in the ordinary course of business | Full management of the company is carried out by the Trustee |
| Pre-enforcement protection | From the notice fixing the day of arrangement for a minimum period of 4 months | From the date of the opening of proceedings | From the date of the opening of proceedings | From the date of the opening of proceedings |
| Claims covered by the arrangement | All or only some (partial arrangement) arising before the arrangement date | All or only some (partial arrangement) arising before the date of opening of proceedings | All arising before the date of opening of proceedings | All arising before the date of opening of proceedings |
| Disputed claims | It cannot exceed 15% of the sum of receivables entitling to vote on the arrangement | It cannot exceed 15% of the sum of receivables entitling to vote on the arrangement | It may exceed 15% of the sum of receivables entitling to vote on the arrangement | It may exceed 15% of the sum of receivables entitling to vote on the arrangement |
| Costs of proceedings | Low - from £15-20k for the entire period of the proceedings | Medium - dependent on the number of creditors, the amount of claims, the complexity and duration of the proceedings | Medium - dependent on the number of creditors, the amount of claims, the complexity and duration of the proceedings | High - dependent on the number of creditors, total claims, average monthly turnover, complexity, effects and duration of proceedings |
Top 10 benefits
from restructuring
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