How to apply for bankruptcy liquidation when a subsidiary of an enterprise goes bankrupt

Legal analysis: the process of bankruptcy liquidation of enterprise subsidiaries is: setting up a liquidation group and filing it; Notify and announce creditors; Declaration and registration of creditor's rights; Distribution of bankruptcy property; The liquidation is over; Cancel registration.

Legal basis: Article 186 of the Company Law of People's Republic of China (PRC). After clearing the company's assets, prepare the balance sheet and property list;

Liquidation plan shall be formulated and reported to the shareholders' meeting, shareholders' meeting or people's court for confirmation.

The company's remaining property after paying liquidation expenses, employees' wages, social insurance expenses and statutory compensation, paying taxes owed and paying off the company's debts;

Limited liability companies are distributed according to the proportion of shareholders' capital contribution, and joint stock limited companies are distributed according to the proportion of shares held by shareholders.

During the liquidation period, the company shall survive, but shall not carry out business activities unrelated to liquidation. The company's property shall not be distributed to shareholders before it is paid off in accordance with the provisions of the preceding paragraph.