How to deal with the creditor's rights dispute in the bankruptcy liquidation of the company?

When the company goes bankrupt, a liquidation group shall be established, and the liquidation group shall handle the creditor's rights and debts. After the liquidation group handles the matter, it shall notify and announce the creditors. If the creditor fails to apply for creditor's rights within the prescribed time limit, it shall be deemed to have given up automatically. If there is no announcement or liquidation, the shareholders shall bear legal responsibility.

legal ground

Article 185 of the Company Law of People's Republic of China (PRC)

The liquidation group shall notify creditors within 10 days from the date of its establishment and make an announcement in a newspaper within 60 days. Creditors shall, within 30 days from the date of receiving the notice, and within 45 days from the date of announcement if they have not received the notice, declare their claims to the liquidation group.

When a creditor declares its creditor's rights, it shall explain the relevant matters of the creditor's rights and provide supporting materials. The liquidation group shall register the creditor's rights.

During the declaration of creditor's rights, the liquidation group shall not pay off the creditors.