1. Specify the manager;
2. Notify creditors to declare their claims;
3, confirm the bankruptcy property, bankruptcy claims;
4. The administrator draws up a plan to change the price of the bankrupt property and sells the bankrupt property in a timely manner;
5. Pay off debts according to law;
6. Distribution of bankruptcy property;
7. After the bankruptcy procedure ends, the administrator shall cancel the registration with the company registration authority.
Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.
Article 111 The administrator shall formulate a plan for changing the price of bankrupt property in time and submit it to the creditors' meeting for discussion.
The administrator shall sell the bankrupt property in a timely manner according to the scheme of changing the price of the bankrupt property adopted by the creditors' meeting or ruled by the people's court in accordance with the first paragraph of Article 65 of this Law.
Article 116 After the bankruptcy property distribution plan is approved by the people's court, it shall be executed by the administrator. If the administrator implements multiple distributions according to the bankruptcy property distribution plan, it shall announce the amount of property and creditor's rights distributed this time. Where the administrator implements the final distribution, it shall indicate it in the announcement and specify the matters specified in the second paragraph of Article 117 of this Law.
Article 121 The administrator shall, within 10 days from the date of termination of bankruptcy proceedings, cancel the registration with the original registration authority of the bankrupt on the basis of the ruling of the people's court to terminate bankruptcy proceedings.