What is the reorganization process of bankruptcy application?

Legal analysis: 1, the company has legal reorganization reasons; 2. Creditors and debtors directly apply to the court for reorganization and start the reorganization procedure; 3. If the court examines the application for reorganization and finds that it meets the statutory requirements, it shall order the debtor to reorganize and make an announcement; 4. The court appoints the administrator.

Legal basis: Article 8 of the Enterprise Bankruptcy Law of the People's Republic of China shall submit a bankruptcy application and relevant evidence to the people's court. The bankruptcy application shall specify the following items: (1) Basic information of the applicant and the respondent; (2) the purpose of the application; (three) the facts and reasons for the application; (4) Other matters that the people's court deems necessary. If the debtor applies, it shall also submit to the people's court a statement of property status, a list of debts, a list of creditor's rights, relevant financial and accounting reports, a plan for the placement of employees, the wages of employees and the payment of social insurance premiums.