How should listed companies handle their debts?

If the listed company cannot repay the money it owes, the creditor may sue the other party for breach of contract or file for bankruptcy. When a creditor applies for bankruptcy, it only needs to submit the evidence of the debtor's outstanding debts and the application and other related materials.

legal ground

Article 2 of Enterprise Bankruptcy Law

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 70

The debtor or creditor may, in accordance with the provisions of this Law, directly apply to the people's court for reorganization of the debtor.

Where the creditor applies for bankruptcy liquidation of the debtor, after the people's court accepts the bankruptcy application and before declaring the debtor bankrupt, the debtor or investors whose capital contribution accounts for more than one tenth of the registered capital of the debtor may apply to the people's court for reorganization.