Time matters

Time matters

Indebted entrepreneurs often delay making a decision to open restructuring proceedings. However, the moment of making such a decision is key to improving the business situation and ensuring its proper functioning.

Pursuant to the restructuring law, the indebted entrepreneur is protected upon the opening of restructuring proceedings. As part of the aforementioned protection, the key contracts are secured against termination and the enforcement proceedings conducted so far are suspended. All this gives the entrepreneur time to run his day-to-day business and ultimately to heal the situation.

Source: https://ksiegowosc.infor.pl/obrot-gospodarczy/spolki/4704705,Postepowanie-restrukturyzacyjne-jakie-narzedzia-daje-prawo-do-negocjacji-z-wierzycielami.html

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