Can the company pay its debts in kind when it goes bankrupt?

Legal analysis: No, after the company goes bankrupt, the bankrupt property needs to be liquidated in a unified way, and the debts can only be paid off in the legal order after liquidation. It is invalid for the debtor to pay off the debts to individual creditors in kind.

Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.

Article 16 After the people's court accepts the bankruptcy application, the debtor's repayment of debts to individual creditors is invalid.

Article 17 After the people's court accepts the bankruptcy application, the debtor or the debtor's property holder shall pay off the debt or deliver the property to the administrator. If the debtor or the debtor's property holder intentionally violates the provisions of the preceding paragraph to pay off debts or deliver property to the debtor, thus causing losses to the creditor, it shall not be exempted from the obligation to pay off debts or deliver property.