What about the bankruptcy liabilities of a limited company?

Legal analysis: if a limited liability company goes bankrupt, it shall pay off its debts according to bankruptcy expenses and * * * interest debts; Staff salaries, social security expenses and statutory compensation; Tax arrears; And ordinary bankruptcy claims. If there is no repayable property, the bankruptcy procedure shall be terminated and the cancellation shall be handled.

Legal basis:

Enterprise Bankruptcy Law of the People's Republic of China

Article 113

After paying off the bankruptcy expenses and debts first, the bankruptcy property shall be paid off in the following order:

(1) Wages, medical care, disability allowance and pension expenses owed by the bankrupt to employees, basic old-age insurance and basic medical insurance expenses owed to employees' personal accounts, and compensation that should be paid to employees according to laws and administrative regulations;

(2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph;

(3) Ordinary bankruptcy claims.

If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion.

The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise.

Article 1 14

The distribution of bankruptcy property shall be carried out in the form of monetary distribution. However, unless otherwise decided by the creditors' meeting.