(1) Contact the bankruptcy administrator to discuss the acquisition;
(2) Both parties reach an acquisition agreement and sign the acquisition agreement;
(3) Assist the bankruptcy administrator to apply to the court for bankruptcy termination procedures.
2. What bankruptcy applications will not be accepted?
After examination, the people's court finds that any of the following circumstances will not accept the bankruptcy application:
1. The debtor conceals or transfers property and applies for bankruptcy to avoid debts;
2. Creditors damage the debtor's business reputation by filing for bankruptcy, with the intention of damaging fair competition.
If the people's court rejects the bankruptcy application, it shall make a ruling. If the bankruptcy applicant refuses to accept the ruling that the bankruptcy application will not be accepted, he may appeal to the people's court at the next higher level within 10 days from the date when the ruling is served. After accepting the debtor's bankruptcy application, if the people's court finds that the whereabouts of the debtor's huge property are unknown and cannot reasonably explain the whereabouts of the property, it shall rule to reject the bankruptcy application. If the bankruptcy applicant refuses to accept the ruling of rejecting the bankruptcy application, he may appeal to the people's court at the next higher level within 10 days from the date when the ruling is served.
Three. Legal provisions on how to acquire bankrupt companies
bankruptcy law
Article 73 During the period of reorganization, the debtor may manage his own property and affairs under the supervision of the administrator upon the application of the debtor and the approval of the people's court.
Under any of the circumstances specified in the preceding paragraph, the administrator who takes over the debtor's property and business in accordance with the provisions of this law shall hand over the property and business to the debtor, and the debtor shall exercise the functions and powers of the administrator specified in this law.
Article 74 Where the administrator is responsible for managing the property and affairs, he may employ the debtor's management personnel to take charge of the affairs.
Article 75 During the period of reorganization, the exercise of the security right over the debtor's specific property shall be suspended. However, if the collateral may be damaged or its value is obviously reduced, which is enough to endanger the rights of the secured party, the secured party may request the people's court to resume the exercise of the security right.
During the period of reorganization, if the debtor or manager borrows money for the purpose of continuing to operate, he may set a guarantee for the loan.
Article 76 During the period of reorganization, if the creditor requests to take back other people's property legally possessed by the debtor, it shall meet the conditions agreed in advance.
Article 77 During the period of reorganization, the debtor's investors may not request the distribution of investment income.
During the period of reorganization, the directors, supervisors and senior managers of the debtor may not transfer the shares of the debtor held by them to a third party. However, except with the consent of the people's court.
These are the questions that Zhaofa answered about how to buy bankrupt companies. Bian Xiao. It is common for companies to apply for bankruptcy in judicial practice, and the handling and identification of related matters should be strictly based on the actual operation and management of the company.