According to the relevant provisions of the Civil Procedure Law and the Enterprise Bankruptcy Law, the order in which assets of bankrupt enterprises are used to pay off debts is as follows:
1. Creditors and debtors owe each other debts to offset the debtor's property;
2. Secured creditor's rights;
3. After paying off the bankruptcy expenses and debts, the bankrupt property shall be paid off in the following order:
(1) The wages, medical care, disability allowance and pension expenses owed by the bankrupt to the employees, the basic old-age insurance and basic medical insurance expenses owed to the employees' personal accounts, and the compensation that should be paid to the employees according to laws and administrative regulations;
(2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph;
(3) Ordinary bankruptcy claims.
4. If there are surplus assets, the shareholders shall distribute them according to the proportion of capital contribution.
Extended data:
Investment subsidiaries shall be regarded as shareholders of subsidiaries and shall be registered.
If the subsidiary goes bankrupt, you can't get it back. "If employees want to quit, they can only buy the shares they hold from within you, such as the boss. But this money is not necessarily your investment amount, it may be high or low. But now they are all closed, and the money is zero.
Trying to get your money back can only prove that he raised money illegally.
If it's just an investment, it's hard to recover if the company goes bankrupt. It's better to sue for recovery as soon as possible.
According to Article 45 of the Bankruptcy Law, 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 49 When declaring creditor's rights, the creditor shall state in writing the amount of creditor's rights and whether there is property guarantee or not, and submit relevant evidence. If the declared creditor's rights are joint and several, it shall be stated.
Article 56 Where a creditor fails to declare his creditor's rights within the time limit set by the people's court, he may make supplementary declaration before the final distribution of the bankruptcy property; But the distribution that has been done before will not be supplemented. The expenses for examining and confirming the declaration of supplementary creditor's rights shall be borne by the supplementary applicant. Where a creditor fails to declare his creditor's rights in accordance with the provisions of this law, he shall not exercise his rights in accordance with the procedures stipulated in this law.