Date published: 03.06.2025
In Poland, company bankruptcy is an official court procedure that allows a business to cease operations if it becomes insolvent. When a company is unable to meet its obligations to creditors, the tax office, or ZUS, the only lawful way to close it is by filing for bankruptcy. This protects the company from sanctions and allows the director to legally terminate operations without personal risk.
Who Needs the Bankruptcy Procedure?
This service is suitable for companies that:
– cannot pay taxes, contributions, or contractor invoices
– have been in debt for more than 3 months
– want to close the business legally
– seek to avoid the personal responsibility inherent in a managerial position
Filing for bankruptcy is a legal obligation of the company’s director. Failure to do so on time can lead to civil or even criminal liability.
Why Is Legal Support Essential?
The bankruptcy process requires detailed preparation: assessing the company’s financial status, gathering documents, and providing solid legal grounds to the court. A lawyer can:
– protect the company’s assets
– lawfully stop operations and prevent further debt accumulation
– avoid sanctions for inaction
– ensure the process fully complies with Polish law
A legal expert also represents the company in court, communicates with the trustee (syndic), and handles all necessary correspondence.
What Does the Service Include?
– Financial analysis of the company
– Legal consultation on grounds for filing
– Full preparation of documents
– Submission of the petition to the court
– Representation in court (first instance)
– Communication with the court until a decision is issued
– Publication of information in Monitor Sądowy
– Translation of required documents
How Long Does It Take?
The process may take from 3 to 24 months. Once the petition is submitted, the company’s operations are automatically suspended, and its assets are managed by a court-appointed trustee (syndic), who inventories, sells the assets, and settles debts with creditors.
Key Terms You Should Know
Company bankruptcy – a court procedure triggered by insolvency; the company loses its right to operate.
Liquidation – voluntary closure of a business, not necessarily due to debt; bankruptcy is a forced process.
Restructuring – an alternative to bankruptcy where the company negotiates new terms with creditors.
Syndic (trustee) – a person managing the company’s assets after the court’s decision.
Court decision – the official act initiating bankruptcy; the company loses legal capacity to act.
Court fee – a one-time mandatory filing fee (approx. 1000 PLN).
Monitor Sądowy i Gospodarczy – the official journal publishing bankruptcy announcements.
Legal Consequences for Directors
A director must file for bankruptcy within 30 days of becoming aware of insolvency. Missing this deadline may result in:
– financial penalties
– civil liability for damages to creditors
– criminal liability (in severe cases)
Timely filing protects the director from personal liability and helps preserve their reputation.
Experienced CONSULTANT expert Viktor Venetskyi, specializing in company bankruptcy in Poland, offers full support from initial assessment to case handover to the trustee.
CONSULTANT — your pathway to professional legal support in Poland. Use the bankruptcy service now to minimize risks and ensure legal protection.
