{"id":5873,"date":"2019-10-04T20:51:21","date_gmt":"2019-10-04T18:51:21","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/konieczna-jest-wiara-w-sukces\/"},"modified":"2019-10-04T20:51:21","modified_gmt":"2019-10-04T18:51:21","slug":"it-is-necessary-to-believe-in-success","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/it-is-necessary-to-believe-in-success\/","title":{"rendered":"Confidence in success is essential"},"content":{"rendered":"

Corrective actions in companies are usually taken too late, when restructuring has already become an urgent need, says Ma\u0142gorzata Anisimowicz, President of PMR Restrukturyzacje.<\/p>\n

When do companies declare their willingness to open restructuring proceedings? Isn't it too late?<\/b><\/p>\n

Although the premise for remedial restructuring appears already at the stage of symptoms flowing from the environment and the indicator analysis of the risk of insolvency, in practice remedial actions are taken late, and restructuring becomes an urgent need.
\nSuccess, or lack thereof, depends largely on the entrepreneur himself, in particular on the time in which he makes a decision regarding support. Reacting too late and taking action at a stage of deep crisis and the threat of insolvency is already a game for the life of the company. Meanwhile, taking advantage of restructuring tools<\/a> in the early stages of a crisis, it is virtually certain that success will be achieved.<\/p>\n

How can companies recover from a deep crisis?<\/b><\/p>\n

Restructuring law is in itself a tool protecting against bankruptcy. And it should be used to prevent the crisis from deepening. However, finding a repair solution for one or two areas affected by the crisis, together with financing scenarios, is not enough. It is the simultaneous implementation of processes of exiting the portfolio of certain products or resources and entering new areas of activity, building new resources, a new business model or changes in the capital structure.
\nRestructuring then has the greatest strategic dimension for a given enterprise.<\/a>, covering all its areas, requiring comprehensive actions. It is radical in nature and touches on every element from the method of management, individual areas: financial, legal, market, product, property, organizational, technical or resource, to open cooperation with all stakeholders of the enterprise.<\/p>\n

When you talk about stakeholders, who do you mean?<\/b><\/p>\n

The same company, its business and public creditors and investors. A win-win solution must be found \u2013 primarily through the synergy of cooperation. Using restructuring tools protects not only the entrepreneur himself, but also his creditors.
\nThe purpose of conducting restructuring proceedings is to conclusion of an agreement<\/a> with creditors by accepting arrangement proposals. Informing creditors on an ongoing basis during the restructuring proceedings, including changes, the restructuring plan or presenting the private creditor test, builds the most important thing in the proceedings \u2013 trust and knowledge about the degree of the company\u2019s commitment to repaying liabilities.
\nIn the case of one of the last deep restructurings conducted by us, thanks to the adopted comprehensive solutions and strict current information for the parties, the absolute majority of creditors, including public creditors, voted in favor of accepting the arrangement. The company also gained a private investor for whom ongoing monitoring of the results of the proposed restructuring plan and the adopted arrangement proposals<\/a> may constitute a basis for further cooperation.<\/p>\n

Corporate boards often make it difficult to save a company. They are slow.<\/b><\/p>\n

They hope that they will cope with the growing phase of the crisis themselves. We must remember that failure of management boards to fulfill their statutory obligations to file bankruptcy applications on time results in personal liability of persons representing the companies, including criminal liability. Filing restructuring applications and initiating proceedings restructuring of the company<\/a> it protects the company from aggressive debt collection, and also releases the management from personal liability. Unfortunately, there is very little awareness of this among entrepreneurs, which often leads to a complete paralysis of the business and the filing of bankruptcy applications by creditors.<\/p>\n

How to efficiently go through restructuring?<\/b><\/p>\n

Each restructuring has its own specifics, depending on the type of restructuring chosen and the market environment in which the company operates. These are specific steps: selecting a restructuring advisor with an efficient team that can support the entrepreneur in all areas of his activity, including mediators and negotiators; familiarizing yourself with the crisis situation and designing Restructuring architecture<\/a>, which does not have to take the form of judicial restructuring in the initial stage of the crisis; selection of the form of restructuring; implementation of the necessary restructuring measures, including often acquiring an investor; operational unblocking of the enterprise; conclusion of an agreement with creditors and return to normality. Above all, it is necessary to believe in success.<\/p>\n

The interview was published in the Rzeczpospolita daily.<\/b>:on October 2, 2019<\/div>","protected":false},"excerpt":{"rendered":"

Dzia\u0142ania naprawcze w firmach podejmowane s\u0105 zwykle zbyt p\u00f3\u017ano, gdy restrukturyzacja staje si\u0119 ju\u017c piln\u0105 potrzeb\u0105 \u2013 m\u00f3wi Ma\u0142gorzata Anisimowicz, prezes PMR Restrukturyzacje. Kiedy firmy zg\u0142aszaj\u0105 ch\u0119\u0107 otwarcia post\u0119powania restrukturyzacyjnego? Czy nie za p\u00f3\u017ano? Chocia\u017c przes\u0142anka restrukturyzacji naprawczej pojawia si\u0119 ju\u017c na etapie symptom\u00f3w p\u0142yn\u0105cych z otoczenia oraz analizy wska\u017anikowej ryzyka zagro\u017cenia niewyp\u0142acalno\u015bci\u0105, to w praktyce dzia\u0142ania naprawcze podejmowane s\u0105 p\u00f3\u017ano, a restrukturyzacja staje si\u0119 ju\u017c piln\u0105 potrzeb\u0105. Sukces, czy te\u017c jego brak, zale\u017cy w du\u017cej mierze od samego przedsi\u0119biorcy, w szczeg\u00f3lno\u015bci od czasu, w jakim podejmie decyzj\u0119 w zakresie wsparcia. Zbyt p\u00f3\u017ana reakcja i podejmowanie dzia\u0142a\u0144 na etapie g\u0142\u0119bokiego kryzysu i gro\u017aby niewyp\u0142acalno\u015bci to ju\u017c gra o \u017cycie przedsi\u0119biorstwa. Tymczasem skorzystanie z narz\u0119dzi restrukturyzacyjnych na wczesnym etapie kryzysu daje praktycznie pewno\u015b\u0107 co do osi\u0105gni\u0119cia sukcesu. Jak mo\u017cna uzdrowi\u0107 przedsi\u0119biorstwa w g\u0142\u0119bokim kryzysie? Prawo restrukturyzacyjne samo w sobie jest narz\u0119dziem chroni\u0105cym przed upad\u0142o\u015bci\u0105. I nale\u017cy z niego korzysta\u0107, by nie dopu\u015bci\u0107 do pog\u0142\u0119biania si\u0119 kryzysu. Jednak znalezienie rozwi\u0105zania naprawczego dla jednego czy dw\u00f3ch obszar\u00f3w dotkni\u0119tych kryzysem wraz ze scenariuszami dofinansowania nie wystarcza. To jednoczesna realizacja proces\u00f3w wyj\u015bcia z portfela pewnych produkt\u00f3w czy zasob\u00f3w i wchodzenie w nowe obszary dzia\u0142alno\u015bci, budowa nowych zasob\u00f3w, nowego modelu biznesowego czy te\u017c zmiany w strukturze kapita\u0142owej. Restrukturyzacja ma w\u00f3wczas najwi\u0119kszy wymiar strategiczny dla danego przedsi\u0119biorstwa, obejmuj\u0105c wszystkie jego obszary, wymagaj\u0105c kompleksowych dzia\u0142a\u0144. Ma radykalny charakter i dotyka ka\u017cdego elementu od sposobu zarz\u0105dzania, poszczeg\u00f3lnych obszar\u00f3w: finansowego, prawnego, rynkowego, produktowego, maj\u0105tkowego, organizacyjnego, technicznego czy zasobowego, do otwartej wsp\u00f3\u0142pracy z wszystkimi interesariuszami przedsi\u0119biorstwa. M\u00f3wi\u0105c o interesariuszach, kogo ma pani na my\u015bli? To samo przedsi\u0119biorstwo, jego wierzyciele biznesowi i publiczni oraz inwestorzy. Trzeba znale\u017a\u0107 rozwi\u0105zanie, w kt\u00f3rym wszyscy wygrywaj\u0105 \u2013 przede wszystkim dzi\u0119ki synergii wsp\u00f3\u0142pracy. Skorzystanie z narz\u0119dzi restrukturyzacyjnych chroni nie tylko samego przedsi\u0119biorc\u0119, ale i jego wierzycieli. Przeprowadzenie post\u0119powania restrukturyzacyjnego ma na celu zawarcie porozumienia z wierzycielami poprzez przyj\u0119cie propozycji uk\u0142adowych. Bie\u017c\u0105ce informowanie wierzycieli w trakcie post\u0119powania restrukturyzacyjnego m.in. o zmianach, planie restrukturyzacyjnym czy przedstawienie testu prywatnego wierzyciela buduje najwa\u017cniejsz\u0105 rzecz w post\u0119powaniu \u2013 zaufanie i wiedz\u0119 o stopniu zaanga\u017cowania przedsi\u0119biorstwa w sp\u0142at\u0119 zobowi\u0105za\u0144. W przypadku jednej z ostatnich prowadzonych przez nas g\u0142\u0119bokich restrukturyzacji, dzi\u0119ki przyj\u0119tym kompleksowym rozwi\u0105zaniom oraz \u015bcis\u0142ej bie\u017c\u0105cej informacji dla stron, za przyj\u0119ciem uk\u0142adu g\u0142osowa\u0142a absolutna wi\u0119kszo\u015b\u0107 wierzycieli, w tym wierzyciele publicznoprawni. Firma pozyska\u0142a tak\u017ce inwestora prywatnego, dla kt\u00f3rego bie\u017c\u0105ce monitorowanie wynik\u00f3w zaproponowanego planu restrukturyzacyjnego oraz przyj\u0119tych propozycji uk\u0142adowych mo\u017ce stanowi\u0107 przes\u0142ank\u0119 do dalszej wsp\u00f3\u0142pracy. Zarz\u0105dy firm cz\u0119sto utrudniaj\u0105 ratowanie firmy. S\u0105 opiesza\u0142e. Maj\u0105 nadziej\u0119, \u017ce z narastaj\u0105c\u0105 faz\u0105 kryzysu poradz\u0105 sobie sami. Musimy pami\u0119ta\u0107, i\u017c niewype\u0142nienie przez zarz\u0105dy obowi\u0105zk\u00f3w ustawowych w zakresie z\u0142o\u017cenia w terminie wniosk\u00f3w upad\u0142o\u015bciowych powoduje odpowiedzialno\u015b\u0107 osobist\u0105 os\u00f3b reprezentuj\u0105cych firmy, w tym odpowiedzialno\u015b\u0107 karn\u0105. Z\u0142o\u017cenie wniosk\u00f3w restrukturyzacyjnych i wszcz\u0119cie post\u0119powania restrukturyzacyjnego wobec firmy stanowi ochron\u0119 dla firmy przed agresywn\u0105 windykacj\u0105, jak r\u00f3wnie\u017c zwalnia zarz\u0105d z odpowiedzialno\u015bci osobistej. Niestety w tym zakresie jest bardzo niska \u015bwiadomo\u015b\u0107 w\u015br\u00f3d przedsi\u0119biorc\u00f3w, co cz\u0119sto doprowadza do ca\u0142kowitego parali\u017cu prowadzonej dzia\u0142alno\u015bci i z\u0142o\u017cenia wniosk\u00f3w upad\u0142o\u015bciowych przez wierzycieli. Jak sprawnie przej\u015b\u0107 przez restrukturyzacj\u0119? Ka\u017cda restrukturyzacja ma swoj\u0105 specyfik\u0119, zale\u017cy od wyboru jej rodzaju, jak i otoczenia rynkowego, w kt\u00f3rym dzia\u0142a firma. To konkretne kroki: wyb\u00f3r doradcy restrukturyzacyjnego posiadaj\u0105cego sprawny zesp\u00f3\u0142 mog\u0105cy wesprze\u0107 przedsi\u0119biorc\u0119 we wszystkich obszarach jego dzia\u0142alno\u015bci, w tym mediator\u00f3w i negocjator\u00f3w; zapoznanie si\u0119 z sytuacj\u0105 kryzysow\u0105 i zaprojektowanie architektury restrukturyzacji, kt\u00f3ra w pocz\u0105tkowym stadium kryzysu nie musi przybiera\u0107 formy restrukturyzacji s\u0105dowej; wyb\u00f3r formy restrukturyzacji; wdro\u017cenie niezb\u0119dnych \u015brodk\u00f3w restrukturyzacyjnych, w tym wielokrotnie pozyskanie inwestora; udro\u017cnienie operacyjne przedsi\u0119biorstwa; zawarcie porozumienia z wierzycielami i powr\u00f3t do normalno\u015bci. Przede wszystkim konieczna jest wiara w sukces. Rozmowa ukaza\u0142a si\u0119 w dzienniku Rzeczpospolita:dnia 2 pa\u017adziernika 2019<\/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":[19],"tags":[],"ppma_author":[30],"class_list":["post-5873","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/comments?post=5873"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5873\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=5873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=5873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=5873"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=5873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}