• [En]
  • [Fr]
  • [Es]
  • [It]
  • [Tr]
  • [Ru]
  • [Pl]
  • [De]

  +48 42 663 65 03


+48 42 663 65 03
Company Formation Poland



The Bankruptcy Procedure in Poland

Updated on Friday 08th December 2017

Rate this article
5 5 1
based on 0 reviews

The_Bankruptcy_Procedure_in_Poland.jpgLegal provisions regarding bankruptcy in Poland

Whenever investors open a Polish company they need to consider numerous legal aspects, from incorporating to the company to dealing with any financial difficulties that may appear. In Poland, the Act on Bankruptcy and Rehabilitation contains the main rules and regulations for the bankruptcy procedure for business entities and natural persons. 
The unfortunate situation in which a company in Poland faces bankruptcy can be avoided by anticipating the financial difficulties and making sure that the company benefits from the best possible company management. Investing in Poland is attractive for numerous entrepreneurs and our Polish experts can help you deal with the most common business issues in Poland.

The insolvency procedure in Poland

A legal entity becomes bankrupt if a ruling declaring bankruptcy is issued against it. Bankruptcy can be declared for debtors who are insolvent (they cannot settle their liabilities or the liabilities exceed the value of their assets).
After the legal entity is declared bankrupt, its assets become bankrupt estate and are used to satisfy the claims of the creditors. These assets include any assets belonging to the company on the day the bankruptcy was declared and any assets acquired during the bankruptcy proceedings.
Our Polish company formation experts can tell you more about the insolvency procedure and the legal ground for bankruptcy.

The bankruptcy proceedings in Poland

The bankruptcy petition can be filed by a creditor or by the debtor. The bankruptcy proceedings can be settled by court and the court also secures the assets if the petition is filed by the debtor. The court issues a decision that declares the bankruptcy and informs the creditors that they may claim their due assets. The bankruptcy decision is publicly announced by publication in the Court and Commercial Gazette and in a local daily newspaper. 
Because Poland is a member of the European Union, the European Commission regulations regarding bankruptcy have priority in some cases over the domestic bankruptcy law. According to the European regulations, the EU member state in which the center of main interests is situated has jurisdiction to open insolvency proceedings. Foreign company owners should be well aware of the legal situations that may apply. Managers running businesses in Poland, for example restaurant owners who own a restaurant franchise, should seek legal advice regarding the procedure.
Our Polish company incorporation specialists are ready to help you with additional questions regarding bankruptcy in Poland. Please contact us if you have any questions. 


There are no comments

Comments & Requests

Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Poland

Michał Gawlak is an experienced business consultant, specialized in corporate and tax law. He has helped many local and foreign investors open companies in Poland.


Call us now at +48 42 663 65 03 to  set up an appointment with our company formation agents in Poland. As a CGO Legal Counseling client, you will beneficiate from the joint expertise of local lawyers and international consultants for opening a company in Poland.

We offer:

- cost-efficiency: competitive company formation prices;

- prompt response to your inquiry (maxim 24 hours);

- free and complete legal information featured on our site, at your disposal.

Contact us

Online Incorporation


Tax Calculator




BridgeWest takes great care of selecting its affiliates worldwide and Poland is no exception.

Francesco Dagnino, Partner of
Lexia Avvocati

Read more testimonials

We Recomment ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg