Case No.: LU1S/GRz/124/2023
MB/LAW Law Office is pleased to report the successful completion of a restructuring approval procedure for a medical services provider.
The debtor is a sole proprietor specializing in pulmonology, operating a medical practice and collaborating with private healthcare networks, including Medicover, Enel-Med, and PZU Zdrowie. Her main area of operations is Warsaw.
The financial difficulties were triggered by a sharp increase in interest rates and inflation, which raised the cost of loan servicing and the purchase of specialist medical equipment. Additionally, tax changes introduced under the “Polski Ład” (Polish Deal) significantly increased public-law obligations.
After analysing the situation, the MB/LAW team, under the leadership of attorney-at-law Michał Burek, LL.M., a licensed restructuring advisor (no. 1665), recommended initiating a restructuring approval procedure (PZU). A detailed restructuring proposal and repayment plan were prepared.
The proceeding was successfully completed with the arrangement formally approved by the District Court Lublin-Wschód in Lublin on 28 December 2023.
- Waiver of interest and incidental costs for Group 4 creditors (non-bank lenders and minor claims),
- Inclusion of secured creditors under favourable terms,
- Repayment periods set between 48 and 96 monthly instalments, depending on the creditor group,
- The Debtor’s monthly financial burden was reduced by over ten thousand zlotys.
- Realistic implementation of the plan secured, while maintaining liquidity for continued medical operations.
Although the plan was not approved by all creditor groups, it was confirmed pursuant to Article 119(3) of the Restructuring Law — the capital majority requirement was met, and dissenting creditors will be satisfied on terms no less favourable than in a bankruptcy proceeding.
Don’t wait for debt to shut you down.
MB/LAW offers professional advice and effective support for debt relief in medical practices, physicians, and other healthcare providers. We provide comprehensive legal and financial assistance, negotiate with creditors, and develop realistic, enforceable restructuring plans.
