1. The creditor company shall bring a lawsuit to the court;
2. The court determines the proportion of compensation;
3. The creditor company is partially compensated;
4. After the liquidation of the bankrupt company, its debts shall be exempted.
Economic impact of enterprise closure:
1, increase the unemployment rate;
2. Affect relevant industrial chains;
3. Reduce government tax revenue;
4. It may cause financial risks.
To sum up, when an enterprise goes bankrupt, the creditor company needs to file a claim with the court, and then the court will determine the compensation ratio, so that the creditor company can get partial compensation, and after the bankrupt company completes liquidation, its remaining debts can be exempted.
Legal basis:
Enterprise Bankruptcy Law of the People's Republic of China
Article 45
After accepting the bankruptcy application, the people's court shall determine the time limit for creditors to declare their claims. The time limit for filing creditor's rights shall be counted from the date when the people's court announces the acceptance of the bankruptcy application, and the shortest time shall not be less than 30 days and the longest time shall not exceed three months.
Article 46
When the bankruptcy application is accepted, the unexpired creditor's rights are deemed to be due. When the bankruptcy application is accepted, the interest-bearing creditor's rights shall cease to bear interest.
Article 7
The debtor may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation under the circumstances specified in Article 2 of this Law. If the debtor is unable to pay off the debts due, the creditor may apply to the people's court for reorganization or bankruptcy liquidation of the debtor. If an enterprise as a legal person has been dissolved but has not been liquidated or its assets are insufficient to pay off its debts, the person liable for liquidation according to law shall apply to the people's court for bankruptcy liquidation.
Article 16
After the people's court accepts the bankruptcy application, the debtor's debt repayment to individual creditors is invalid.