Legal analysis: the repayment order of corporate bonds when the company goes bankrupt: 1, bankruptcy expenses; 2.* * * Beneficial debt; 3. Bankruptcy property shall pay off the wages, medical care, disability allowance and pension expenses owed to employees after giving priority to paying off bankruptcy expenses and beneficial debts, and shall be included in the basic old-age insurance and basic medical insurance expenses of employees' personal accounts, as well as the compensation that should be paid to employees according to laws and administrative regulations. 4. Social insurance premiums owed by the bankrupt other than those specified in the preceding paragraph and taxes owed by individuals; 5. Ordinary bankruptcy claims. If the bankruptcy property is insufficient to pay off the repayment demand of the same amount, it shall be paid off in proportion.
Legal basis: Article 190 of the Company Law of People's Republic of China (PRC). If the company is declared bankrupt according to law, it shall be liquidated in accordance with the Enterprise Bankruptcy Law.