The National Register of Debtors (KRZ) has been implemented several years ago. The portal is the place where, among other things, most of the activities concerning bankruptcy and restructuring proceedings are carried out. While at first feelings about its operation were rather skeptical, over time they seem to be slowly changing to the positive.
read moreUntil the end of 2021, information on bankruptcy proceedings had to be sought from a variety of sources – in practice, knowledge of such proceedings was most often obtained from an extract from the KRS of the entity in question. For more than six months now, the National Debtor Register has been in place, which should contain comprehensive information in this respect.
read morePeople generally believe that submitting a bankruptcy petition of a limited liability company and declaring it insolvent by the court enables the management board to rest assured. This belief originates from focusing only on the content of art. 299 of Polish Commercial Companies Code (hereinafter: CCC), without the correct analysis of the bankruptcy law provisions. However, in reality, even after declaring the company bankrupt, the assets of members of the management board might not be protected. Why does it happen?
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