Does the debtor have to be bankrupt? – opportunities and trends proceedings of insolvent entrepreneurs in Poland

Purpose: The publication’s purpose is to show how bankruptcy and restructuring of entrepreneurs as an instrument protecting the creditor in the event of the contractor’s insolvency. The article shows how changing the law affects an organisation's ability to operate with variable risk. Design/methodology/approach: The conducted research used an analysis of: domestic and foreign literature, given insolvency and restructuring proceedings, as well as changes in law. As part of the conducted works, the following research hypotheses were raised: H1. implementation of legal changes increased the possibilities of functioning and the development of insolvent entities on the market; H2. interest in restructuring proceedings is increasing, which increases the possibility of recovery for creditors. Findings: The study showed a trend of increasing amounts of restructuring proceedings. As a result, the number of bankruptcies is reduced, as debtors have more time to prepare arrangement proposals for creditors and convince them of the advantages of the arrangement. Originality/value: The content of the study confirms the impact of risk and changes in law on increasing the ability to protect organisations from bankruptcy. The paper is dedicated to people dealing with organisation management and the insolvent entrepreneurs and organisations.