How to deal with the bankruptcy of the company after financing?

Legal analysis: According to the relevant laws and regulations of our country, if a company cannot pay economic compensation, it can apply for bankruptcy and pay off its debts in a certain priority order. When the company goes bankrupt, employees should be compensated for the termination of the contract according to the regulations. The standard is: one month's compensation (average monthly salary) for one year's work and ten months' compensation for ten years' work. When a company goes bankrupt, the bankruptcy property will first compensate employees for their due income after paying off bankruptcy expenses and public welfare debts. Payment order of employee's due income:

The wages, medical care, disability allowance and welfare expenses of employees are included in the basic old-age insurance and medical insurance expenses of employees' personal accounts, as well as the compensation that should be paid to employees according to laws and administrative regulations. (The compensation is calculated according to the calculation length: one month's salary for one year, one month's salary for less than one year and six months, and one month's salary for less than six and a half months). If the bankruptcy property is insufficient to pay off the same order, it shall be distributed in proportion.

Legal basis: Article 113 of the Bankruptcy Law of People's Republic of China (PRC), after the bankruptcy expenses and debts are paid off, the bankruptcy property shall be paid off in the following order:

(1) Wages, medical care, disability allowance and pension expenses owed by the bankrupt to employees, basic old-age insurance and basic medical insurance expenses owed to employees' personal accounts, and compensation that should be paid to employees in accordance with laws and administrative regulations; (2) Social insurance fees and taxes owed by the bankrupt other than those specified in the preceding paragraph; (3) Ordinary bankruptcy claims.

If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion.

The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise.