@article{2018:michalski:przygotowa,
title = {Przygotowana Likwidacja (pre-pack) – endlich eine schnelle Rettung für polnische Unternehmen (?)},
year = {2018},
note = {The social market economy is characterized by a multitude of
enterprises in the most different forms. However, companies are often
face financial difficulties that can be so severe that bankruptcy may
be the consequence, or that the same cannot be prevented anymore. In
such a case, creditor claims, i. e. debts, cannot be served at all, or
they can be served in part only. In the light of these considerations,
the Polish bankruptcy law was subject to reforms in the domain of
rescuing enterprises. These reforms have, in particular, led to the
introduction of a prepared liquidation (the so-called przygotowana
likwidacja, in English: “pre-pack”). This article provides an
overview of the reasons for this reform, and it describes the
statutorily prescribed procedure. A discussion of the pros and
possible cons of the Polish pre-pack procedure reveals that the latter
significantly supports the crucial objectives of bankruptcy
proceedings, i. e. satisfying creditors (claims) to the utmost extent,
as well as facilitating the rescuing of cash-strapped enterprises.},
journal = {OER Osteuropa Recht},
pages = {199--212},
author = {Michalski, Miriam Julia},
volume = {64},
number = {2}
}