What about the debt when the company declares bankruptcy?

Legal analysis: the creditor's rights are returned by the liquidation group, and the debts are paid off by the liquidation group.

Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.

Article 40 Where a creditor owes debts to the debtor before the bankruptcy application is accepted, it may claim compensation from the administrator. However, in any of the following circumstances, it shall not be offset:

(1) After the bankruptcy application is accepted, the debtor and the debtor obtain the creditor's rights of others against the debtor;

(two) the creditor knows that the debtor can not pay off the debts due or the bankruptcy application, and bears the debts to the debtor; However, unless the creditor assumes the debt for reasons stipulated by law or occurred one year before the bankruptcy application;

(3) The debtor of the debtor obtains the creditor's rights against the debtor knowing that the debtor can't pay off the debts due or file for bankruptcy; However, unless the debtor of the debtor obtains the creditor's rights for reasons prescribed by law or occurred one year before the bankruptcy application.

Article 43 Bankruptcy expenses and beneficial debts shall be paid off with the debtor's property at any time.

If the debtor's property is insufficient to pay off all bankruptcy expenses and debts, the bankruptcy expenses shall be paid off first.

If the debtor's property is insufficient to pay off all bankruptcy expenses or beneficial debts, it shall be paid off in proportion.

If the debtor's property is insufficient to pay off the bankruptcy expenses, the administrator shall request the people's court to terminate the bankruptcy proceedings. The people's court shall, within 15 days from the date of receiving the request, make a ruling to terminate the bankruptcy proceedings and make an announcement.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.