Case No.: KR1S/GRz/51/2023
MB/LAW Law Office is pleased to announce the successful conclusion of a restructuring approval proceeding for a company operating in the real estate sector.
The entrepreneur runs a sole proprietorship providing property management and maintenance services for residential communities. During the COVID-19 pandemic, numerous restrictions disrupted the organization of community meetings and hindered contact with developers and investors. As a result, the company’s operational activities were significantly affected. The need to reorganize the office, introduce hybrid work, and a decline in team efficiency further contributed to the financial crisis.
After reviewing the financial documents and conducting an in-depth interview with the Debtor, the MB/LAW team, under the supervision of attorney-at-law Michał Burek, LL.M., licensed restructuring advisor no. 1665, recommended initiating a restructuring approval procedure (PZU). A detailed restructuring plan and timeline for implementation were presented.
Thanks to effective negotiations with creditors and the engagement of the court supervisor — attorney-at-law Michał Burek and the MB/LAW team — the restructuring plan was successfully approved by the District Court on May 30, 2023.
- A portion of interest on certain debts was written off,
- Secured creditors were included in the restructuring arrangement,
- The entire debt was spread into instalments, which significantly reduced the Debtor’s monthly financial burden by over ten thousand zlotys.
If your business is facing liquidity issues or financial distress, we encourage you to contact MB/LAW. We approach each case individually and select the most effective and realistic restructuring tools.
The team led by attorney Michał Burek negotiates with creditors, prepares detailed legal and financial analyses, and implements solutions that allow entrepreneurs to regain stability and start over.
