What is the official ID of this bill?
The official print number for this legislation is PROJEKT USTAWY 1263.
New business restructuring rules: creditor protection and simpler procedures
The act introduces clearer rules for rescuing indebted businesses. Creditors gain better protection through a mandatory test comparing settlement gains with bankruptcy. Small businesses receive simplified procedures, while employees get earlier notice of planned layoffs.
Key points
Mandatory satisfaction test: creditors see whether settlement gives them more than debtor's bankruptcy.
Earlier employee notification: employer must describe planned layoffs in the restructuring application.
Micro-enterprise simplifications: exemption from satisfaction test and possibility of better settlement terms.
New creditor categories: separate groups for employees, farmers and creditors with asset collateral.
Mediation in negotiations: supervisor may appoint mediator for talks with creditors.
Faster proceedings termination: automatic dismissal after 4 months without settlement approval request.
96%
VOTING RESULTS
2025-06-25
For
411
Against
2
Abstain
16
Status:
Became Law
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