Legal analysis: after the bankruptcy of an enterprise, the assets of the enterprise shall be liquidated. During the liquidation period, the liquidation group shall exercise the following functions and powers: clean up the assets of the company and prepare the balance sheet and asset list respectively; Notify and announce creditors; Handle the unfinished business of the company related to liquidation; Pay off the taxes owed and the taxes generated in the liquidation process; Clean up creditor's rights and debts; Dispose of the company's remaining property after paying off debts; Participate in civil litigation activities on behalf of the company. The reason for notifying creditors is that the debts of the enterprise will be paid off after liquidation. In order to ensure the realization of creditors' interests, creditors should be informed that the enterprise has gone bankrupt. Creditors who get the news need to take the initiative to claim their own claims, and the enterprise pays off according to the creditors' claims. Creditors applying for enforcement may apply to participate in the distribution of outstanding debts and obtain the right of priority in compensation in accordance with the provisions of the law.
Legal basis: Article 184th of the Company Law of People's Republic of China (PRC). During the liquidation period, the liquidation group shall exercise the following functions and powers:
(1) Clean up the company's assets and prepare a balance sheet and a list of assets respectively;
(2) Notify and announce creditors.
(3) Handling the unfinished business of the company related to liquidation;
(four) to pay the taxes owed and the taxes generated in the liquidation process;
(5) Clearing up creditor's rights and debts;
(6) Disposing of the company's remaining property after paying off debts;
(seven) to participate in civil litigation activities on behalf of the company.