Case No.: BI1B/GRz/114/2023
MB/LAW Legal Office is pleased to announce the successful completion of restructuring proceedings for a company operating in the road transport sector.
The entrepreneur had been active in the transport and manufacturing services industry for many years. Financial difficulties began in 2021 — initially due to the COVID-19 pandemic, which caused a decline in orders and delayed payments from contractors. The liquidity problems were further exacerbated by rising interest rates and increased credit costs. In 2022, following the outbreak of the war in Ukraine, the entrepreneur lost a key client in the Russian market, which led to a further drop in revenue. The rising costs of fuel and materials in the transport sector also negatively impacted the company’s operations.
After a thorough analysis by the MB/LAW team, led by attorney-at-law Michał Burek, a licensed restructuring advisor, the recommended solution was a Restructuring Approval Procedure (PZU). A clear restructuring proposal and timeline for implementing corrective measures were prepared.
Thanks to the work of restructuring supervisor Michał Burek, LL.M., and the support team, it was possible to convince creditors to accept the proposal, conduct the vote, and obtain court approval. On 5 July 2023, the court officially confirmed the approval of the restructuring plan.
- All interest on unsecured debts was fully written off,
- A secured creditor was included in the plan,
- The total debt was spread into installments, which significantly reduced the company’s monthly financial burden and enabled the entrepreneur to continue running the business.
This gave the company a real chance to restore liquidity and maintain operations.
If your business is experiencing financial difficulties or facing liquidity threats — we encourage you to contact us.
We handle every case individually and fight actively to make restructuring succeed.
We engage directly with creditors, prepare reliable legal and financial analyses, and propose restructuring solutions that are acceptable to creditors and — most importantly — give entrepreneurs a real opportunity for a fresh start.
