How long is the liquidation period of the liquidation group of the company?

Legal analysis: Generally speaking, the liquidation group shall complete the liquidation within six months after its establishment. If it really cannot be completed within the time limit, it may apply to the people's court for an extension. Only when it is completed within a reasonable time limit can we save resources to the maximum extent, protect the interests of creditors in time, effectively prevent malicious transfer of property due to too long a time limit, and effectively protect the legitimate interests of companies and creditors.

Legal basis: Article 185 of the Company Law of People's Republic of China (PRC). The liquidation group shall notify the creditors within 10 days from the date of its establishment and make an announcement in the newspaper within 60 days. Creditors shall, within 30 days from the date of receiving the notice, and within 45 days from the date of announcement if they have not received the notice, declare their claims to the liquidation group. When a creditor declares its creditor's rights, it shall explain the relevant matters of the creditor's rights and provide supporting materials. The liquidation group shall register the creditor's rights. During the declaration of creditor's rights, the liquidation group shall not pay off the creditors.