1. The company has the reorganization reasons stipulated in Article 2 of the Bankruptcy Law.
2. Creditors and debtors directly apply to the court for reorganization and start the reorganization procedure.
Three, the court to review the "reorganization application".
Four, the court appointed administrator.
Five, the court shall notify the known creditors and notify the unknown creditors.
The creditor of intransitive verb declares his creditor's rights to the administrator.
Seven. The first creditors' meeting shall be held within 15 days from the date when the creditor's rights declaration expires.
Eight, after entering the reorganization period, with the approval of the court, the debtor can manage the property and business under the supervision of the administrator, who shall hand over the property and business to the debtor.
Nine, the debtor or the administrator shall, within six months from the date of the court ruling, submit the draft reorganization plan to the court and the creditors' meeting at the same time.
Ten, the court received the "draft reorganization plan" within 30 days from the date of convening a creditors' meeting.
XI。 After the draft reorganization plan is approved, the debtor shall be responsible for the implementation of the reorganization plan.
Twelve, the implementation period of the "reorganization plan" expires, the debtor has completed the execution and the company has returned to good condition, and the reorganization procedure is terminated.
Liang Company resumed normal operation.
Thirteen, the debtor is unable to implement or not to implement the "reorganization plan", the court at the request of the administrator or interested parties,
Ruled to terminate the implementation of the reorganization plan and declare the debtor bankrupt. Then enter bankruptcy proceedings.
Legal basis: Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China. If an enterprise as a legal person is unable to pay off its debts due, its assets are insufficient to pay off all its debts or it obviously lacks solvency, it shall clear up its debts in accordance with the provisions of this Law.
An enterprise as a legal person may be reorganized in accordance with the provisions of this law if it has the circumstances specified in the preceding paragraph or obviously loses its solvency.