Case No.: PL1P/GRz/74/2024
MB/LAW is pleased to announce the successful completion of arrangement approval proceedings for a road-transport company specializing in the delivery of goods and parcels.
The entrepreneur operated in the field of road transport and courier shipments, cooperating with reputable logistics companies. To maintain additional financial security, the business owner also relied on income from an employment contract.
However, the company faced financial difficulties caused by a sharp increase in fuel prices, unfavorable tax changes introduced under the “Polish Deal,” staffing shortages, and the termination of key commercial contracts.
Thanks to the actions of the arrangement supervisor, Attorney-at-Law Michał Burek, LL.M., Licensed Restructuring Advisor No. 1665, together with his support team, MB/LAW successfully reached agreements with creditors, conducted the voting process, and secured adoption of the arrangement. The arrangement was confirmed by the District Court in Płock on 16 December 2024.
Key Results of the Arrangement
- Full remission of interest and ancillary costs for creditors classified in Groups 2, 3, and 4.
- No further interest accrual from the date the court decision approving the arrangement becomes final.
- Social Security Institution (Group 1) – full repayment of claims in 24 monthly instalments after a 4-month grace period.
- Large creditors (Group 2) – repayment of 100% of principal in 50 equal monthly instalments after a 4-month grace period.
- Medium-sized creditors (Group 3) – repayment of 100% of principal in 72 equal monthly instalments after a 3-month grace period.
- Remaining creditors (Group 4) – repayment of 100% of principal in 80 equal monthly instalments after a 4-month grace period.
- Total debt covered by the arrangement: over PLN 270,000 owed to 13 creditors.
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