Company bankruptcy liquidation procedure

The bankruptcy liquidation of a company has the following procedures:

1. A liquidation group shall be established, which shall generally be established by the directors or the personnel determined by the shareholders' meeting within 15 days from the date of dissolution;

2. Clean up the company's property and prepare the balance sheet and property list;

3. Formulate liquidation plan;

3. Implement the liquidation plan.

legal ground

Article 186 of People's Republic of China (PRC) Company Law

After clearing up the company's property, preparing the balance sheet and property list, the liquidation group shall formulate the liquidation plan and report it to the shareholders' meeting, shareholders' meeting or the people's court for confirmation.

After paying the liquidation expenses, employees' wages, social insurance expenses and statutory compensation, paying the taxes owed and paying off the company's debts, the company's property shall be distributed according to the proportion of capital contribution of shareholders of a limited liability company and the proportion of shares of shareholders of a joint stock limited company. During the liquidation period, the company shall survive, but shall not carry out business activities unrelated to liquidation. The company's property shall not be distributed to shareholders before it is paid off in accordance with the provisions of the preceding paragraph.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.