Abstract
Restructuring proceedings for micro and small enterprises are often underutilised and show low success rate. This article examines the practical challenges encountered during preparation, negotiation and implementation of restructuring plan for these entities, focusing on ways to enhance predictability and efficiency of restructuring procedures. The research applies comparative, doctrinal, structural and analytical methods to evaluate the European restructuring framework using insights from other jurisdictions, including the United States. The study identifies key practical issues such as procedural complexity, limited professional support and obstacles related to appeal of the judgement to confirm a restructuring plan. Based on this analysis, the article proposes targeted solutions, including streamlined proceedings, mandatory professional assistance and clear procedural rules during the implementation of the restructuring plan.