The subject of this paper are the pre-insolvency proceedings, which aim to establish the legal position of the debtor and enable them to continue maintaining their business, that is, to enable business entities that have shown a negative financial result in the business to efficiently and quickly remedy the balance sheet, profit and loss account, but also the cash flows through restructuring in order to become solvent and liquid. The second objective of the pre-insolvency proceedings is to provide the debtor's creditors with more favourable conditions for settling their claims than the ones they would have had in the event of insolvency proceedings against the debtor. The research section presents two companies that initiated pre-insolvency proceedings, namely Varteks d.d. and Fenix d.o.o.. Varteks d.d. is a company that successfully restructured itself and continued to operate despite the difficulties it experienced in business, unlike Fenix d.o.o. which eventually became insolvent.