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On 23 August 2025, an amendment to the restructuring law came into force, implementing the so-called ‘Second Chance Directive’. The new regulations are intended to harmonise the rules for restructuring companies across the European Union and increase the effectiveness of bankruptcy prevention proceedings.

The amendment to the Restructuring Law, signed by the President of the Republic of Poland on 5 August 2025, will enter into force 14 days after its publication in the Journal of Laws. Therefore, we are approaching the end of the transition period during which it is possible to initiate restructuring proceedings under the existing rules.

On 25 July 2025, the Sejm of the Republic of Poland passed an act amending the Restructuring Law, the Bankruptcy Law and the National Debt Register Act. On 5 August this year, the amendment was signed by the President of the Republic of Poland and will become binding law 14 days after its publication in the Journal of Laws.

The bankruptcy of a natural person – whether a business owner or a consumer – affects more than just the debtor. In many cases, the consequences of declaring bankruptcy extend beyond personal assets and into the sphere of married life.

The management board of a company that is unable to meet its liabilities cannot afford to remain inactive. The law clearly specifies when a bankruptcy petition must be filed – and what the consequences are for failing to comply with this obligation.

Restructuring is one of the most important legal tools that the legislator has provided for entrepreneurs in financial difficulties. For this process to be effective, it is necessary to engage a specialist with the appropriate qualifications, experience and statutory powers – a restructuring adviser.

Declaring consumer bankruptcy is one of the most common forms of legal debt relief in situations of permanent insolvency of a natural person. This procedure has been designed for debtors who do not run a business and are unable to settle their liabilities on time.

Restructuring is a much-needed step for companies facing financial difficulties and looking for ways to improve their situation. In Poland, 4,130 companies began restructuring proceedings in 2023, an increase of 87.7% compared to 2022.