1, enter the bankruptcy liquidation procedure.
2. Establish a liquidation group.
3. Take over the bankrupt enterprise in an all-round way.
4. Financial audit of bankrupt enterprises.
5. Clearing and liquidation of bankruptcy property.
6. Formulate the distribution plan of bankruptcy property.
7. Prepare bankruptcy liquidation report.
8. Cancel the registration of the original bankrupt enterprise, request the court to terminate the bankruptcy procedure, and the liquidation group will formally cancel it. Bankruptcy liquidation procedures of bankrupt enterprises have officially ended.
Legal basis: Article 190 of the Company Law of People's Republic of China (PRC). If the company is declared bankrupt according to law, it shall be liquidated in accordance with the Enterprise Bankruptcy Law.