Legal analysis: when a limited company goes bankrupt, the registered capital is the bottom line of debt compensation, that is, what is the registered capital, and the debt is paid according to the registered capital. If it is a company of other nature, it will make corresponding compensation according to laws and regulations after filing a bankruptcy application with the court. 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. When the bankruptcy application is accepted, the unexpired creditor's rights are deemed to be due. When the bankruptcy application is accepted, the interest-bearing creditor's rights shall cease to bear interest. Creditors can declare conditional and time-limited creditor's rights and outstanding creditor's rights in litigation and arbitration. Creditors shall declare their claims to the administrator within the time limit prescribed by the people's court. There is no need to declare the wages, medical care, disability allowance and pension expenses owed by the debtor to employees, the basic pension insurance and basic medical insurance expenses owed to employees' personal accounts, and the compensation that should be paid to employees according to laws and administrative regulations. After investigation, the administrator will make a list and publicize it. If the employee disagrees with the list, he can ask the manager to correct it. If the employee refuses to make corrections, he may bring a lawsuit to the people's court.
Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.
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 50 A joint creditor may declare his creditor's rights on behalf of all the joint creditors by one person, or jointly declare his creditor's rights.
Article 51 Where the guarantor of the debtor or other joint debtors pay off debts on his behalf, they shall declare their creditor's rights to the debtor. If the guarantor of the debtor or other joint debtors fail to pay off the debts on their behalf, they shall declare their claims against the debtor in the future. However, unless the creditor has declared all the creditor's rights to the administrator.
Article 52 If a joint debtor is ruled to apply the procedures prescribed in this Law, his creditors have the right to declare their claims separately in each bankruptcy case for all their claims.