Is the debt settlement company legal? For example: neutralization debt, China Gold Bank. ...

This is illegal.

On the first day when the General Office of the Supreme People's Court forwarded the Notice on Issues Related to Stopping the Registration of Debt Collection Companies Belonging to Public, Legal and Division, according to the spirit of the notice of the two houses, the administrative authorities for industry and commerce at all levels should immediately stop the registration of debt collection companies and similar enterprises applied by public, legal and division after the issuance of this notice.

The administrative departments for industry and commerce at all levels shall notify the "debt collection companies" and similar enterprises that have been registered (established or jointly established by public security organs, procuratorial organs, legal organs and departments) to immediately stop the "debt collection" business, and handle the cancellation, cancellation or change in accordance with the spirit of the notice of the two houses and the relevant provisions on enterprise registration management.

Extended data:

The relevant requirements of debt relief companies stipulate that:

1. The company's investment in other enterprises or providing guarantee for others shall be decided by the board of directors or the general meeting of shareholders in accordance with the provisions of the articles of association; Where the articles of association stipulate limits on the total amount of investment or guarantee and the amount of individual investment or guarantee, it shall not exceed the prescribed limits.

2. The company must protect the legitimate rights and interests of employees, sign labor contracts with employees according to law, participate in social insurance, strengthen labor protection and realize safe production. Companies should take various forms to strengthen employees' vocational education and on-the-job training to improve their quality.

3. If the company provides guarantee for the shareholders or actual controllers of the company, it must be resolved by the shareholders' meeting or the shareholders' meeting. Shareholders specified in the preceding paragraph or shareholders controlled by actual controllers specified in the preceding paragraph shall not participate in voting on matters specified in the preceding paragraph. The voting shall be passed by more than half of the voting rights held by other shareholders present at the meeting.

China Net-Notice of the Supreme People's Court Forwarding the Notice on Issues Related to Stopping Public Prosecution, Law Enforcement and Registration of Debt Collection Companies.