What if the sued company goes bankrupt?

Legal analysis: bankruptcy can only go through bankruptcy liquidation procedures, set up a liquidation group, and pay off debtors in the priority order of creditor's rights. If the assets are insolvent, they shall be paid in proportion.

Legal basis: Article 19 of the Enterprise Bankruptcy Law of the People's Republic of China stipulates that the limitation of action for the debtor's external creditor's rights shall be interrupted from the date when the people's court accepts the bankruptcy application.

If the debtor fails to exercise his rights to his due creditor's rights in time without justifiable reasons, resulting in his foreign creditor's rights exceeding the limitation period within one year before accepting the bankruptcy application, the people's court shall recalculate the limitation period of the above creditor's rights from the date of accepting the bankruptcy application.