Legal analysis: under normal circumstances, wealth management companies will not bear the responsibility of declaring bankruptcy, but may bear the responsibility of illegal fund-raising, depending on the seriousness of the case. Those who are light will return the illegal income, and those who are heavy will be sentenced according to the criminal law.
Legal basis: Article 6 of the Enterprise Bankruptcy Law of the People's Republic of China. When trying bankruptcy cases, the people's courts shall protect the legitimate rights and interests of enterprise employees and investigate the legal responsibilities of the managers of bankrupt enterprises according to law.