Huayi group bankruptcy liquidation order

The liquidation sequence of Huayi Group's bankruptcy liquidation is as follows: firstly, the bankruptcy liquidation expenses should be paid, followed by welfare expenses, then taxes, then labor remuneration and industrial injury compensation, and finally the economic compensation agreed in the labor contract and other creditor's rights that should be paid first according to law. Then there are general creditor's rights and unpaid labor remuneration and industrial injury compensation. In general creditor's rights, some orders should be distributed in proportion. After the assets are finally cleared, the remaining money will be used to pay off the company's equity held by shareholders.