Case No.: RA1R/GRz/33/2023
MB/LAW is pleased to announce the successful completion of restructuring proceedings for an entrepreneur in the transport sector, specializing in freight transport as well as trading and export of goods. The court confirmed the arrangement (composition), securing the company’s survival and business continuity.
The entrepreneur had been operating since 2010, initially combining trading, export, and transport services. Currently, the company focuses mainly on freight transport, serving business clients who contract transport services. In 2022, the company generated revenues of approximately PLN 588,000.
Causes of financial distress:
- COVID-19 pandemic (significant drop in transport orders).
- Outbreak of the war in Ukraine (sharp increase in fuel prices, leading to a major rise in operating costs).
- Rising interest rates (higher loan and credit instalments).
These factors caused financial difficulties that prevented timely repayment of obligations.
Restructuring outcome:
Thanks to the efforts of the arrangement supervisor – attorney-at-law Michał Burek, LL.M., licensed restructuring advisor no. 1665 – and the MB/LAW support team, negotiations with creditors were successful. The arrangement was voted on and approved by the court on 19 April 2024.
- Creditors with claims above PLN 400,000: full waiver of interest from the opening of proceedings – repayment in 96 monthly instalments, with the first instalment deferred by 3 months.
- Creditors with claims between PLN 100,001 and PLN 400,000: full waiver of interest from the opening of proceedings – repayment in 72 monthly instalments, with the first instalment deferred by 2 months.
- Creditors with claims up to PLN 100,000: full waiver of interest from the opening of proceedings – repayment in 60 monthly instalments, with the first instalment deferred by 3 months.
- Public law creditor (Social Security Authority – ZUS): included in the arrangement – full repayment in 24 monthly instalments, with the first instalment deferred by 3 months.
If your company is facing liquidity risks or financial problems, MB/LAW can help. We handle each case individually and comprehensively. We negotiate with creditors, prepare practical restructuring solutions, and actively support entrepreneurs in restoring financial stability.
