What if a limited company goes bankrupt and is unable to repay its debts?

The company is unable to repay its debts in the following ways: Under normal circumstances, the company can convene a general meeting of shareholders to adopt a resolution of reorganization (merger or division) settlement by Zhengsui to repay its debts due. If it has been dissolved but not liquidated or not liquidated, the creditor may openly apply to the people's court for reorganization or bankruptcy liquidation of the debtor.

legal ground

Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China

If an enterprise as a legal person is unable to pay off its due debts, its assets are insufficient to pay off all its debts or it obviously lacks solvency, it shall clear up its debts in accordance with the provisions of this Law.

An enterprise as a legal person may be reorganized in accordance with the provisions of this law if it has the circumstances specified in the preceding paragraph or obviously loses its solvency.

Article 7

The debtor may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation under the circumstances specified in Article 2 of this Law.

If the debtor is unable to pay off the debts due, the creditor may apply to the people's court for reorganization or bankruptcy liquidation of the debtor.

If an enterprise as a legal person has been dissolved but has not been liquidated, and its assets are insufficient to pay off its debts, the person liable for liquidation according to law shall apply to the people's court for bankruptcy liquidation.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.