Why did Jacky Packaging go bankrupt?

Reasons for Jacky Packaging Bankruptcy: Unable to pay off due debts and insufficient assets to pay off all debts. Wang Puyue applied for bankruptcy liquidation of Anhui Jacky Packaging Technology Co., Ltd. on the grounds that Anhui Jacky Packaging Technology Co., Ltd. could not pay off its due debts and its assets were insufficient to pay off all its debts.