Case No.: PO1P/GRz/277/2024
MB/LAW is pleased to announce the successful completion of arrangement approval proceedings for an entrepreneur in the tourism and hospitality sector, specialising in operating a lodging, catering, and training facility.
The entrepreneur provided accommodation services, catering, training events, and corporate team-building trips. Key clients included both individual guests seeking leisure stays and corporate clients organising business retreats for their employees.
Due to prolonged construction works on a key investment project (converting old wooden buildings into modern usable facilities), a sharp increase in the prices of building materials and services, improperly installed electrical systems requiring costly corrections, and a months-long delay in launching the full range of services (no ability to offer catering, events, training courses, or workshops), the business encountered serious financial difficulties.
Thanks to the work of the arrangement supervisor — Attorney-at-Law Michał Burek, LL.M., Licensed Restructuring Advisor No. 1665 — supported by his team, MB/LAW was able to negotiate with creditors, conduct the voting procedure, and secure acceptance of the arrangement. The arrangement was confirmed by the District Court Poznań – Stare Miasto on 6 May 2025.
Key Outcomes of the Arrangement
- Financing of the arrangement through the sale of shares in a foreign property (Berlin, Germany) and from ongoing business activities.
- Full remission of interest and ancillary charges for creditors in Groups 4 and 5.
- No interest accrual for unsecured creditors from the date the confirmation decision becomes final.
Group 1 – Mortgage-secured creditor (bank)
- First instalment of PLN 700,000 payable after a 4-month grace period,
- Remaining amount payable in 120 monthly instalments with interest,
- Establishment of additional mortgage security.
Group 2 – Mortgage-secured creditor (individual)
- Repayment in 60 monthly instalments under the existing loan agreement, following a 4-month grace period.
Group 3 – Social Security Institution (ZUS)
- Full repayment in 60 monthly instalments of not less than PLN 240 each, after a 4-month grace period.
Group 4 – Creditors with claims ≥ PLN 10,000
- Repayment of 75% of principal in 120 equal monthly instalments after a 4-month grace period.
Group 5 – Remaining creditors
- Repayment of 75% of principal in 48 equal monthly instalments after a 4-month grace period.
We Are Here to Help – Before It’s Too Late
If your business is facing liquidity issues or financial difficulties, we encourage you to contact us.
We handle every case individually and comprehensively.
We negotiate with creditors, prepare achievable restructuring proposals, and actively support entrepreneurs in restoring financial stability.
Do not wait until the situation becomes critical — contact us today!
