Year: 2023

Liquidation of a limited liability company.

Liquidation of a limited liability company is a natural action encountered in business transactions. Often it is the result of activities leading to the restructuring of capital groups, or a change in the legal form of the business. Due to the formalized nature and multi-stage nature of the liquidation process of sp. Ltd. it is..

How long does it take to restructure a company?

The final stage of the simplified restructuring procedure is the submission by the debtor of an application for approval of the arrangement to the competent court. The provisions of the Law – Shield 4.0.indicate that if within 4 months from the date of making the announcement no application for approval of the arrangement is submitted..

How much child support is due per child?

The extent of alimony payments depends on the legitimate needs of the entitled person and the earning and asset capacity of the obligor. In alimony cases, the court is required to accurately and thoroughly determine the justified needs of the alimony recipient and the ability of the obligors to meet them. The extent of the..

How long does it take to liquidate a company?

The liquidation of a limited liability company lasts for at least 6 months from the date of publication in the MSiG of the announcement of the opening of liquidation and the summons of creditors. The duration is affected by the situation of the company, the number of cases to be closed or assets to be..

How much does it cost to restructure a company?

The sum of the costs will consist of court fees and attorney’s fees; remuneration of the court supervisor or administrator; court expenses during the proceedings. You must pay a court fee of PLN 1,000 on the application to open restructuring proceedings. The exception is a simplified application for the opening of sanitation proceedings (one of..

What is a company restructuring?

Restructuring of a company is a process of collective actions in the sphere of capital, management (organizational), or on the asset side of the company, aimed at increasing efficiency, optimizing the use of the company’s resources, or improving the position of the entity in the competitive market. The procedure aimed at avoiding bankruptcy involves, among..

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