Is the company closed down seriously?

Legal analysis: if the company is sealed up, it will enter bankruptcy proceedings, and according to the law, priority will be given to paying off wages. The court will organize shareholders, relevant institutions and relevant professionals to set up a liquidation team to conduct bankruptcy liquidation of the company in accordance with relevant laws.

Legal basis: Article 113 of the Enterprise Bankruptcy Law of the People's Republic of China. After paying off the bankruptcy expenses and debts, 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 according to laws and administrative regulations;

(2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph;

(3) If the ordinary bankruptcy creditor's rights and bankruptcy property are insufficient to pay off the repayment requirements in the same order, they 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.