Case No.: WA1M/GRz/327/2024
MB/LAW is pleased to announce the successful completion of arrangement-approval proceedings for an entrepreneur in the medical sector, specialising in the sale of medical devices and the operation of an optical store.
The entrepreneur conducted business in the sale of corrective eyeglasses, contact lenses, medical devices, and optical accessories (sunglasses, cases, clip-ons). In addition, the entrepreneur generated extra income by subletting part of the optical store space to medical professionals of various specialities (ophthalmologists, neurologists, occupational medicine doctors, family doctors).
Due to a significant decrease in customer traffic during the summer season, long-term inflation caused by economic crises (COVID-19, the war in Ukraine), rising prices of manufacturing materials across Europe, the need to offer customers instalment plans (which delayed revenue), and unfavourable tax changes under the “Polish Deal” that increased health-insurance contributions and obligations towards ZUS and the Tax Office, the business experienced serious financial difficulties.
Thanks to the actions of the arrangement supervisor — Attorney-at-Law Michał Burek, LL.M., Licensed Restructuring Advisor No. 1665 — and his support team, MB/LAW successfully negotiated with creditors, conducted the voting procedure, and secured acceptance of the arrangement. The arrangement was confirmed by the District Court for the Capital City of Warsaw on 21 January 2025.
Key Outcomes of the Arrangement
- Full remission of interest and ancillary charges for all creditors covered by the arrangement.
- No further interest accrual from the date the confirmation decision becomes final.
Group 1 – Secured creditor
- Repayment of 100% of principal within 11 months from the announcement of the arrangement’s finality.
Group 2 – Remaining creditors
- Repayment of 100% of principal in 60 equal monthly instalments after a 2-month grace period.
Voting result
- Unanimous approval — all eligible creditors (2 out of 2) voted in favour of the arrangement.
Total debt covered by the arrangement:
More than PLN 669,000 owed to 2 creditors eligible to vote.
We Are Here to Help
If your business is at risk of losing liquidity or facing financial difficulties, we encourage you to contact us.
We handle every case individually and comprehensively.
We negotiate with creditors, prepare practical restructuring proposals, and actively support entrepreneurs in restoring financial stability.
Do not wait until it is too late — contact us today!
