Recovery Plans for the Management Board

We save the personal assets of presidents and directors

Article 299 of the Code of Commercial Companies is the most common reason why board members lose their private homes and life savings. At Wisła Restructuring House, we know that you only have 30 days to file for bankruptcy from the moment insolvency occurs. This is very little time when you have 12 calls a day from creditors and an empty bank account. Our team, consisting of 6 specialists in restructuring law, enters the company to document that the board is taking real recovery actions. This is your most important line of defense before a bailiff knocks on your private door.

We analyze the cost structure without mercy for unprofitable projects. If your warehouse generates a loss of 14,500 PLN per month, we will tell you straight to your face and prepare a plan for subletting it or canceling the contract. In 2023, we conducted 47 such audits, most of which ended with the implementation of a savings plan in just 18 business days. We focus on hard data: margins on specific products, leasing costs for 4 sales representatives' cars, or unpaid energy bills.

Concrete cuts instead of generalities

You won't get a thick binder of theory from us that no one will read. You will get a checklist with dates and amounts. For example, we indicate that renegotiating the contract with the raw material supplier must occur by the 12th day of the month, which will allow for maintaining liquidity for salaries for 23 employees. Talking to the bank is our daily reality – we know which arguments to use to push back the repayment of a working capital loan installment by another 4 months. In one of our recent projects in Warsaw, we managed to reduce the fixed costs of a small printing house by 8,200 PLN per month without laying off key staff.

Heads-up: banks usually do not want your company's bankruptcy because it is a pure loss of money for them and a long line for the bankruptcy estate. They prefer to get a realistic repayment schedule, even if it is stretched over a year and a half. We prepare such a schedule and sign it as auditors, which signals to the bank that the situation is under professional control. The rules are clear: audit, plan, action. Without unnecessary waiting for a miracle, which rarely happens with debts above 150,000 PLN.

Our recovery plan also includes employment restructuring and optimization of processes within the office. It often turns out that 3 people are doing work that, with better organization, could be done by one, using simple tools for invoice automation. In our office on Marszałkowska, we work on such solutions from Monday to Friday (on Fridays we finish at 3:30 PM). You will usually receive the first draft of the recovery plan from us within 5 business days of providing the complete set of accounting documents.

Your way out of the debt loop

We will take this burden off your shoulders by taking over communication with the most aggressive creditors. When a bank sees the Wisła Restructuring House stamp on a document, the tone of the conversation changes. They know we work on facts. We save what you have been building for years, but we require honesty from you about the state of finances. If you have 15 overdue invoices, we must know about them immediately, not after two weeks of cooperation.

Being a board member in difficult times is not a job for everyone, but with proper legal support, you can go through this process with your head held high. Our help costs a fraction of what you would lose in the case of personal liability for the company's debts. Contact us before the 30-day deadline passes irrevocably.