{"id":5201,"date":"2021-10-19T10:23:04","date_gmt":"2021-10-19T08:23:04","guid":{"rendered":"https:\/\/bktkancelaria.pl\/?p=5201"},"modified":"2022-01-21T09:09:49","modified_gmt":"2022-01-21T08:09:49","slug":"restrukturyzacja-w-dobie-pandemii","status":"publish","type":"post","link":"https:\/\/bktkancelaria.pl\/en\/restructuring-in-times-of-pandemic\/","title":{"rendered":"Restructuring in an era of pandemics"},"content":{"rendered":"

For a long time now, a multitude of entrepreneurs have been taking steps to rebuild their businesses, which have been negatively affected by the pandemic. Dialogues with creditors or securing additional sources of financing are just some of the ways to stop the negative trends of the economic crisis. However, what if even these measures do not help? A way out of the difficult financial situation of a company may be the following restructuring<\/strong>which in times of pandemic<\/strong> has become particularly prominent.<\/p>\n

In today's article I will deal with a discussion of the simplified restructuring procedure, which were introduced on the basis of the so-called Crisis Shield 4.0. Practice has shown that entrepreneurs exceptionally often choose this type of restructuring, so it is worth taking a closer look at its regulations and undeniable advantages.\u00a0<\/span><\/p>\n

I invite you to read on.<\/p>\n

Is restructuring in the age of pandemonium a good solution for my business?<\/h2>\n

The effects of a pandemic manifest themselves in a variety of ways. Among the most common problems faced by entrepreneurs are persistently low financial results or payment bottlenecks resulting from the economic crisis. It would seem that things are slowly returning to normal. However, it is worth remembering that in many industries the situation is still precarious. Despite the support that some entrepreneurs have received under the crisis shield, many have had to close their businesses. Those of them who are still struggling to survive are often left in a very difficult situation.<\/p>\n

Is there anything they can do in such a situation? Is fighting the insolvency of one's own business too risky in this age of pandemonium? Understandably, business owners are apprehensive about taking legal steps. Perhaps knowledge of the institution of restructuring will help to dispel many doubts.<\/p>\n

Who can apply for corporate restructuring?<\/h2>\n

The important point is that any entrepreneur at risk of insolvency can benefit from restructuring. Whether or not its difficult financial situation is due to a pandemic crisis remains irrelevant.<\/p>\n

However, how does the law characterise the concept of insolvency?<\/p>\n

In accordance with Article 11 of the Insolvency Law:<\/p>\n

\"A debtor is insolvent if he has lost the ability to perform his due monetary obligations. A debtor is presumed to have lost the ability to perform his or her due pecuniary obligations if the delay in the performance of the pecuniary obligations exceeds three months.\"<\/p>\n

Simplified restructuring procedure<\/h2>\n

The simplified restructuring procedure has been extremely popular with entrepreneurs since it was introduced. Its purpose - as with the other forms of this procedure - is to negotiate an arrangement with creditors to repay their debts. So what do business owners appreciate this form of restructuring for?<\/p>\n