What do you mean, the company closed down? What are the procedures?

Legal analysis: corporate bankruptcy is corporate bankruptcy. The bankruptcy of a company refers to the state that the company can't continue to operate because it can't pay off its due debts, and the court declares it to stop operating and liquidates its creditor's rights and debts. According to China's Company Law, the court should organize shareholders, relevant authorities and relevant professionals to set up a liquidation group to conduct bankruptcy liquidation of companies declared bankrupt according to law.

Legal basis: Article 8 of the Enterprise Bankruptcy Law of the People's Republic of China shall submit a bankruptcy application and relevant evidence to the people's court. The bankruptcy application shall specify the following items:

(a) the basic information of the applicant and the respondent;

(2) the purpose of the application;

(three) the facts and reasons for the application;

(4) Other matters that the people's court deems necessary.

If the debtor applies, it shall also submit to the people's court a statement of property status, a list of debts, a list of creditor's rights, relevant financial and accounting reports, a plan for the placement of employees, the wages of employees and the payment of social insurance premiums.