CLiF profits help heal nightmare memories of firm's bankruptcy battle

"The positive result will stand at zł.5 million, half of which will be o btained from leasing operations. The other half will result from settlements signed in December with BZ WBK and Bank Przemysłowy (currently being taken over by Getin Bank)," said CLiF president Dariusz Baran. The settlements concern the transfer of liabilities and ownership transfer contracts between the leasing firm and banks. "As a result of announcing our bankruptcy we were not involved in any business activity for 18 months. Despite that the decision was annulled by the Supreme Court, we lost our network, clients and assets. Even if we recollect our assets, we will have to start from scra tch," said Baran. Currently CLiF is demanding the repayment of zł.150 mi llion from banks, while a year earlier the figure stood at zł.210 million. (Puls Biznesu, pp. 1, 7) M.M.