What caused Zhejiang Glass to fail to complete bankruptcy reorganization?

If the debt is too large, the interests of creditors are different.

1. Too much debt: Zhejiang Glass has too much debt. The total debt in 20 14 years reached16.5 billion yuan, making bankruptcy reorganization more difficult.

2. Different interests of creditors: In the process of bankruptcy reorganization, Zhejiang Glass's creditors have different interests, including banks, bondholders, suppliers and employees, which makes it difficult to reach an agreement on bankruptcy reorganization.