Case No.: GL1G/GRz/48/2024
MB/LAW is pleased to announce the successful completion of restructuring proceedings for an entrepreneur operating in the courier and postal services sector.
The debtor had been providing courier and postal services since 2012, mainly servicing DHL under a B2B agreement, and worked with both corporate and private clients. In 2023, revenues reached approximately PLN 156,996.
Causes of financial distress:
- COVID-19 pandemic: restrictions and a fall in courier/postal orders,
- War in Ukraine: sharp increase in fuel prices across Europe, significantly raising operational costs,
- Rapid interest rate hikes: increased debt servicing costs,
- Tax reforms (Polski Ład): higher health contributions and social security/tax obligations,
- Work accident (September 2023): vehicle repair costs of PLN 17,000 and temporary loss of income,
- Cyber-attack (May 2023): theft of PLN 19,900.
These events led to serious liquidity problems in the second half of 2023.
Outcome of the restructuring process:
Thanks to the efforts of the supervisor – Attorney-at-Law Michał Burek, LL.M., licensed restructuring advisor (No. 1665) – and the MB/LAW team, an agreement was reached with creditors, the plan was voted through, and the restructuring was confirmed by the Court on 6 August 2024.
- Claims above PLN 150,000: full repayment (principal, interest, court and enforcement costs accrued before and after the plan date) over 108 monthly instalments, with a 3-month grace period.
- Claims between PLN 85,001 and PLN 150,000: full waiver of interest from the plan date until confirmation, and waiver of court/enforcement costs – repayment over 108 monthly instalments, with a 2-month grace period.
- Claims up to PLN 85,000: full repayment (principal, interest, court and enforcement costs accrued before and after the plan date) over 96 monthly instalments, with a 2-month grace period.
If your business is at risk of liquidity problems or financial difficulties, we encourage you to contact us. We handle every case individually and comprehensively: we negotiate with creditors, prepare realistic restructuring proposals, and actively support entrepreneurs in restoring financial stability.
