According to the MGBI business interview report, in 2022 o 10.8% the number of companies that declared bankruptcy has decreased. This type of company was 357. The most frequently chosen form of bankruptcy was the procedure for approving the arrangement.
Insolvency Profiles
The most indebted entity that declared bankruptcy in 2022, It was Idea Bank. The company operated on the market by 30 years, and the sum of its liabilities amounted to 667,400,000 PLN.
According to the report, industrial and commercial companies most frequently declared bankruptcy last year, although their number was lower than in the same period a year ago. An increased number of bankruptcys were reported in the construction industry.
Industries with the largest share of bankruptcy in all active companies were mining, water supply and waste management and industry.
Procedure for approval of the system
From two For years, the most popular among entrepreneurs using restructuring procedures is its simplest option, namely the procedure for approving the agreement. It is available from 1 December 2021. In 2022, this is the procedure chosen by 86% entities deciding to start restructuring. Such a procedure does not require the submission of a restructuring application, but only publication in the National Register of Debt Notices on the Agreement Day.
Source: Insolvency and restructuring proceedings. Report 2023 MGBI
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