{"id":5877,"date":"2019-12-13T13:24:51","date_gmt":"2019-12-13T12:24:51","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/sa-przypadki-trudne-ale-nie-ma-beznadziejnych\/"},"modified":"2019-12-13T13:24:51","modified_gmt":"2019-12-13T12:24:51","slug":"there-are-difficult-cases-but-no-hopeless-ones","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/there-are-difficult-cases-but-no-hopeless-ones\/","title":{"rendered":"There are difficult cases, but there are no hopeless ones"},"content":{"rendered":"<p>Companies in deep crisis are increasingly seeking salvation from bankruptcy in restructuring proceedings, which can be used when no other restructuring measures are possible.<\/p>\n<p>Sanctioning proceedings can be conducted against both an already insolvent debtor and one at risk of insolvency. <i>\u2013 It allows for taking remedial actions to counteract bankruptcy, but also for implementing corrective actions to restore the company\u2019s operating efficiency by presenting an achievable and time-defined restructuring plan \u2013 points out Ma\u0142gorzata Anisimowicz, President of the Management Board of PMR Restrukturyzacje. <\/i><\/p>\n<p>Carrying out such a procedure involves a radical reconstruction of the enterprise, affecting all areas of its operation. <i>Therefore, as Ma\u0142gorzata Anisimowicz emphasises, it is the most thorough restructuring of the debtor&#039;s liabilities, assets and operational structures, aimed at restoring its ability to fulfil its obligations, while at the same time <a href=\"https:\/\/pmrsa.pl\/en\/how-to-get-protection-from-bailiff-enforcement\/\"  data-wpil-monitor-id=\"1858\">protection against execution<\/a>. <\/i> On top of that, it can be carried out without taking away the entrepreneur's management. However, this depends on the decision of the court.<\/p>\n<p>The condition for carrying out <a href=\"https:\/\/pmrsa.pl\/en\/the-remedial-action-is-a-response-to-the-crisis\/\"  data-wpil-monitor-id=\"1655\">sanitation proceedings<\/a> is to file a restructuring application with the court by the debtor company. In relation to a legal person entered in <a href=\"https:\/\/pmrsa.pl\/en\/the-national-debt-register-does-not-work-efficiently\/\"  data-wpil-monitor-id=\"576\">National Register<\/a> The court may also report them to the curator and personal creditor. Opening <a href=\"https:\/\/pmrsa.pl\/en\/change-of-administrator-in-the-restructuring-proceedings-of-dayli-polska-sp-zoo\/\">sanitation proceedings<\/a> causes the termination of the power of attorney and other powers of attorney granted by the debtor, but they can be restored later during the proceedings. The property used to run the business and the property belonging to the debtor become the rehabilitation estate. All enforcement proceedings are suspended by operation of law, which means full protection of the debtor-business against enforcement during the entire proceedings.<\/p>\n<p>The next step is to present the list to the judge within 30 days. <a href=\"https:\/\/pmrsa.pl\/en\/quick-restructuring-come-to-an-agreement-with-creditors\/\"  data-wpil-monitor-id=\"839\">creditors and restructuring plan<\/a>. If the court has appointed its administrator, he should reach an agreement with the entrepreneur \u2013 debtor. Therefore, the 30-day period may be extended to three months. The restructuring plan must be reviewed by the court before it is approved. <a href=\"https:\/\/pmrsa.pl\/en\/mediatel-appeals-against-the-resolution-of-the-creditors-council-regarding-the-change-of-the-administrator-of-hawe-telekom\/\"  data-wpil-monitor-id=\"1447\">creditors council<\/a>.<\/p>\n<p>Launching the process gives the troubled company the valuable time it needs to make fundamental and strategic changes. It can continue to operate. Redundant assets can be disposed of and unfavourable contracts, 'unpayable' under normal economic conditions, can be rescinded.<\/p>\n<p>No later than 12 months after the opening of the restructuring proceedings, <a href=\"https:\/\/pmrsa.pl\/en\/i-would-like-to-reach-an-agreement-with-my-creditors\/\"  data-wpil-monitor-id=\"1537\">to vote on an arrangement with creditors<\/a>. It can take place earlier, immediately after the implementation of all or part of the restructuring plan. Remedial actions give creditors a chance to satisfy their claims to a greater extent than would be possible in the event of bankruptcy of the company.<\/p>\n<p>The restructuring procedure is finally beneficial for the employees. In the case of reduction of employment, employees <a href=\"https:\/\/pmrsa.pl\/en\/generation-y-and-z-want-to-change-industries-which-companies-are-facing-an-employment-crisis\/\"  data-wpil-monitor-id=\"464\">companies can benefit from the Guaranteed Employee Benefits Fund<\/a>.<\/p>\n<p>Companies decide <a href=\"https:\/\/pmrsa.pl\/en\/debt-restructuring-is-a-cure-for-companies-problems\/\"  data-wpil-monitor-id=\"2010\">on<\/a> restructuring proceedings must face many problems. The biggest one is financing. Banks set very strict conditions, which may de facto mean negative decisions on credit applications. Therefore, the possibility of obtaining funds for the implementation of restructuring plans and for conducting current operations from other external sources, e.g. investment funds, is extremely important.<\/p>\n<p><a href=\"https:\/\/pmrsa.pl\/en\/avalanche-of-corporate-insolvencies-in-poland-experts-warn\/\"  data-wpil-monitor-id=\"695\">Experts also talk about the psychosocial burden \u2013 the company<\/a> it is perceived by contractors and public institutions as enterprises in bankruptcy. Despite this, the restructuring proceedings may end in success. <i>\u2013 An example is the one we are conducting at Yamo, a distributor of computer equipment, where almost all creditors supported the arrangement, the company obtained <a href=\"https:\/\/pmrsa.pl\/en\/what-mistakes-do-debtors-most-often-make-during-restructuring\/\"  data-wpil-monitor-id=\"838\">during restructuring<\/a> necessary financing and continues to operate \u2013 says Ma\u0142gorzata Anisimowicz. <\/i><\/p>\n<p><a href=\"https:\/\/pmrsa.pl\/en\/it-is-not-worth-waiting-to-take-action\/\"  data-wpil-monitor-id=\"2049\"><\/a>The risk of failure increases if the decision to start restructuring activities is made too late. The choice of the consulting company with which the debtor company wants to start cooperation is also important. The partner should have experience, offer comprehensive activities, a wide range of cooperation with financial institutions, an interdisciplinary team consisting of specialists in law, economics, finance, market analysis and negotiations. It is important that within one <a href=\"https:\/\/pmrsa.pl\/en\/restructuring-as-a-salvation-for-companies-from-lower-silesia\/\"  data-wpil-monitor-id=\"892\">the company was provided with comprehensive restructuring services<\/a>, i.e. from the decision-making stage to its final outcome, taking into account support in obtaining financing to secure the implementation of plans.<\/p>\n<div class=\"stopka1\"><b>Material appeared in Dziennik Gazeta Prawna<\/b>:<img decoding=\"async\" src=\"\/wp-content\/uploads\/2023\/07\/dgppl.png\" title=\"\">on 10 December 2019<\/div>","protected":false},"excerpt":{"rendered":"<p>Firmy w g\u0142\u0119bokim kryzysie, coraz cz\u0119\u015bciej szukaj\u0105 ratunku przed upad\u0142o\u015bci\u0105 w post\u0119powaniu sanacyjnym, kt\u00f3re mo\u017cna zastosowa\u0107 gdy \u017cadne inne dzia\u0142ania restrukturyzacyjne nie s\u0105 mo\u017cliwe Post\u0119powanie sanacyjne mo\u017ce by\u0107 prowadzone zar\u00f3wno wobec d\u0142u\u017cnika ju\u017c niewyp\u0142acalnego, jak i tego zagro\u017conego niewyp\u0142acalno\u015bci\u0105. &#8211; Pozwala na podj\u0119cie dzia\u0142a\u0144 zaradczych przeciwdzia\u0142aj\u0105cych upad\u0142o\u015bci, ale te\u017c na wdro\u017cenie dzia\u0142a\u0144 naprawczych, przywracaj\u0105cych efektywno\u015b\u0107 funkcjonowania przedsi\u0119biorstwa, poprzez przedstawienie osi\u0105galnego i okre\u015blonego w czasie planu restrukturyzacyjnego &#8211; wskazuje Ma\u0142gorzata Anisimowicz, prezes zarz\u0105du PMR Restrukturyzacje. Przeprowadzenie takiego post\u0119powania wi\u0105\u017ce si\u0119 z radykaln\u0105 przebudow\u0105 przedsi\u0119biorstwa, dotycz\u0105c\u0105 wszystkich obszar\u00f3w jego funkcjonowania. Jest to wi\u0119c, jak podkre\u015bla Ma\u0142gorzata Anisimowicz, najbardziej dog\u0142\u0119bna restrukturyzacja zobowi\u0105za\u0144, maj\u0105tku i struktur operacyjnych d\u0142u\u017cnika, maj\u0105ca na celu przywr\u00f3cenie mu zdolno\u015bci do wykonywania zobowi\u0105za\u0144, przy jednoczesnej ochronie przed egzekucj\u0105. Do tego mo\u017ce by\u0107 prowadzona bez konieczno\u015bci odbierania zarz\u0105du przedsi\u0119biorcy. To jednak zale\u017cy od decyzji s\u0105du. Warunkiem przeprowadzenia post\u0119powania sanacyjnego jest zg\u0142oszenie do s\u0105du wniosku restrukturyzacyjnego przez przedsi\u0119biorstwo \u2013 d\u0142u\u017cnika. W stosunku do osoby prawnej wpisanej do Krajowego Rejestru S\u0105dowego mo\u017ce je zg\u0142osi\u0107 r\u00f3wnie\u017c kurator oraz wierzyciel osobisty. Otwarcie post\u0119powania sanacyjnego powoduje wyga\u015bni\u0119cie prokury oraz innych pe\u0142nomocnictw udzielonych przez d\u0142u\u017cnika, mog\u0105 by\u0107 jednak przywr\u00f3cone potem w trakcie post\u0119powania. Mienie s\u0142u\u017c\u0105ce prowadzeniu przedsi\u0119biorstwa oraz mienie nale\u017c\u0105ce do d\u0142u\u017cnika staj\u0105 si\u0119 mas\u0105 sanacyjn\u0105. Wszystkie post\u0119powania egzekucyjne ulegaj\u0105 zawieszeniu z mocy prawa, co oznacza pe\u0142n\u0105 ochron\u0119 przedsi\u0119biorstwa \u2013 d\u0142u\u017cnika przed egzekucj\u0105 w trakcie ca\u0142ego post\u0119powania. Kolejnym krokiem jest przedstawienie s\u0119dziemu, w terminie 30 dni, spisu wierzycieli oraz planu restrukturyzacji. Je\u015bli s\u0105d wyznaczy\u0142 swojego zarz\u0105dc\u0119, powinien on w tej sprawie porozumie\u0107 si\u0119 z przedsi\u0119biorc\u0105 &#8211; d\u0142u\u017cnikiem. Dlatego 30-dniowy termin mo\u017ce zosta\u0107 wyd\u0142u\u017cony do trzech miesi\u0119cy. Plan restrukturyzacji przed zatwierdzeniem przez s\u0105d musi zosta\u0107 zaopiniowany przez rad\u0119 wierzycieli. Uruchomienie procesu daje firmie, kt\u00f3ra wpad\u0142a w k\u0142opoty cenny czas, niezb\u0119dny na przeprowadzenie fundamentalnych i strategicznych zmian. Mo\u017ce dalej funkcjonowa\u0107. Mo\u017cliwe jest zbywanie zb\u0119dnego maj\u0105tku oraz odst\u0105pienie od niekorzystnych um\u00f3w, \u201eniewypowiadalnych\u201d w zwyk\u0142ych warunkach gospodarczych. Nie p\u00f3\u017aniej ni\u017c przed up\u0142ywem 12 miesi\u0119cy od dnia otwarcia post\u0119powania sanacyjnego powinno doj\u015b\u0107 do g\u0142osowania nad uk\u0142adem z wierzycielami. Mo\u017ce si\u0119 ono odby\u0107 wcze\u015bniej, niezw\u0142ocznie po zrealizowaniu ca\u0142o\u015bci lub cz\u0119\u015bci planu restrukturyzacyjnego. Dzia\u0142ania naprawcze daj\u0105 wierzycielom szans\u0119 na zaspokojenie ich w stopniu wi\u0119kszym ni\u017c by\u0142oby mo\u017cliwe w razie upad\u0142o\u015bci przedsi\u0119biorstwa. Post\u0119powanie sanacyjne jest wreszcie z korzy\u015bci\u0105 dla zatrudnionych. W przypadku redukcji zatrudnienia, pracownicy firmy mog\u0105 skorzysta\u0107 z Funduszu Gwarantowanych \u015awiadcze\u0144 Pracowniczych. Firmy decyduj\u0105 si\u0119 na post\u0119powanie sanacyjne musz\u0105 mierzy\u0107 si\u0119 z wieloma problemami. Najwi\u0119kszym jest finansowanie. Banki stawiaj\u0105 bardzo rygorystyczne warunki, co de facto mo\u017ce oznacza\u0107 negatywne decyzje w sprawie wniosk\u00f3w kredytowych. Dlatego niezmiernie wa\u017cna jest mo\u017cliwo\u015b\u0107 pozyskania \u015brodk\u00f3w na realizacj\u0119 plan\u00f3w restrukturyzacyjnych i na prowadzenie bie\u017c\u0105cej dzia\u0142alno\u015bci z innych \u017ar\u00f3de\u0142 zewn\u0119trznych, np. funduszy inwestycyjnych. Eksperci m\u00f3wi\u0105 te\u017c o obci\u0105\u017ceniu natury psychospo\u0142ecznej &#8211; firma postrzegana jest bowiem przez kontrahent\u00f3w i instytucje publiczne jako przedsi\u0119biorstwa w upad\u0142o\u015bci. Mimo tego post\u0119powanie sanacyjne mo\u017ce zako\u0144czy\u0107 si\u0119 sukcesem. &#8211; Przyk\u0142adem jest to prowadzone przez nas w sp\u00f3\u0142ce Yamo, b\u0119d\u0105cej dystrybutorem sprz\u0119tu komputerowego, gdzie za uk\u0142adem opowiedzieli si\u0119 prawie wszyscy wierzyciele, firma uzyska\u0142a w trakcie restrukturyzacji niezb\u0119dne finansowanie i dalej dzia\u0142a &#8211; m\u00f3wi Ma\u0142gorzata Anisimowicz. Ryzyko niepowodzenia ro\u015bnie, je\u015bli decyzja o rozpocz\u0119ciu dzia\u0142a\u0144 restrukturyzacyjnych zapada zbyt p\u00f3\u017ano. Wa\u017cny jest te\u017c wyb\u00f3r firmy doradczej, z kt\u00f3r\u0105 przedsi\u0119biorstwo \u2013 d\u0142u\u017cnik, chce rozpocz\u0105\u0107 wsp\u00f3\u0142prac\u0119. Partner powinien mie\u0107 do\u015bwiadczenie, oferowa\u0107 kompleksowe dzia\u0142ania, szeroki zakres wsp\u00f3\u0142pracy z instytucjami finansowymi, interdyscyplinarny zesp\u00f3\u0142, z\u0142o\u017cony ze specjalist\u00f3w zar\u00f3wno z zakresu prawa jak i ekonomii, finans\u00f3w, analiz rynkowych i negocjacji. Wa\u017cne jest, by w ramach jednej firmy zosta\u0142a zapewniona kompleksowa obs\u0142uga restrukturyzacji, tj. od etapu decyzji do jej wyniku ko\u0144cowego, uwzgl\u0119dniaj\u0105c wsparcie w pozyskiwaniu finansowania dla zabezpieczenia realizacji plan\u00f3w. Materia\u0142 ukaza\u0142 si\u0119 w Dzienniku Gazeta Prawna:dnia 10 grudnia 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-5877","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\/5877","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=5877"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5877\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=5877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=5877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=5877"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=5877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}