Can a company file for bankruptcy if it has foreign debts?

Legal analysis: Yes. If the debtor is unable to pay off the debts due, he may apply to the people's court for declaring bankruptcy and paying off the debts. In addition, according to the Enterprise Bankruptcy Law of the People's Republic of China (Trial), the debtor may apply for bankruptcy with the consent of its superior competent department. The debtor applying for (being applied for) bankruptcy shall have the legal person qualification, while enterprises, individual industrial and commercial households, partnership organizations and rural contracted households without the legal person qualification shall not have the bankruptcy subject qualification.

Legal basis: Article 9 of Judicial Interpretation of Bankruptcy Law. If the people's court refuses to accept or execute the bankruptcy application filed by the applicant to the people's court according to Article 7 of these Provisions, the applicant may file a bankruptcy application with the people's court at the next higher level.

After receiving the bankruptcy application, the people's court at a higher level shall order the lower court to examine it according to law and make a ruling on whether to accept it in time; If the lower court is still unable to make a ruling on whether to accept or not, the people's court at the next higher level may make a ruling.

If the people's court at a higher level decides to accept the bankruptcy application, it may also instruct the people's court at a lower level to hear it.