What should a listed company do if it liquidates its shares in bankruptcy?

If a listed company goes bankrupt, it must first go through bankruptcy liquidation. Liquidation of assets generally requires payment of liquidation expenses, state taxes, employee salaries, etc. Only consider the interests of shareholders. Generally, bankrupt companies are insolvent and few assets are distributed to shareholders. At present, few listed companies in China go bankrupt. Even if they go bankrupt, they will go bankrupt and reorganize, and their shares will not be worthless. For investors, it is really rare for listed companies to suddenly close down and then lose all their money. At most, the stock price fell to 1.

Company bankruptcy procedure:

Enter the bankruptcy liquidation procedure: if the company suffers serious losses and cannot pay off its due debts, its creditors or debtors shall file a bankruptcy application with the court where the company is located; The people's court ruled that the enterprise was declared bankrupt according to law, and the enterprise officially entered the bankruptcy procedure.

After the enterprise enters bankruptcy proceedings, the people's court shall set up a liquidation group within 05 days from the date of announcement. The liquidation group is appointed by the people's court and the people's government at the same level, and is composed of lawyers, accountants and other professionals.

Full takeover of bankrupt enterprises: after the liquidation group is formally established and stationed in bankrupt enterprises, the liquidation group will formally replace the bankrupt enterprises to operate in its own name and take over the bankrupt enterprises.

Financial audit of bankrupt enterprises: audit the finance of bankrupt enterprises: basic information of bankrupt enterprises, such as company registration, proportion of shareholders and equity, registered capital and status of bankrupt enterprises, etc. Financial management of bankrupt enterprises: the situation and changes of financial personnel in bankrupt enterprises, the preservation of financial vouchers, account books and accounting records, financial examination and approval, such as the person in charge and expenditure procedures, and the authenticity and integrity of financial account books and original vouchers.

Cleaning and liquidation of bankrupt property: Cleaning up bankrupt enterprise property mainly refers to the activities of the liquidation group to define the ownership, divide the scope and register the bankrupt enterprise property by classification.

Formulate the bankruptcy property distribution plan: the liquidation group shall propose the bankruptcy property distribution plan; After the bankruptcy property distribution plan is discussed and approved by the creditors' meeting, it shall be submitted to the court for ruling before implementation; The liquidation group shall make a distribution table within three days after the bankruptcy property distribution plan is confirmed by the court; The liquidation group shall implement the distribution plan and notify the creditors to collect the property within a time limit. If it is not collected within the time limit, it can be deposited. Extra allocation.

Prepare bankruptcy liquidation report: prepare bankruptcy liquidation report and submit it to creditors' meeting and court. The contents of the bankruptcy liquidation report include: establishing a bankruptcy liquidation group; The main liquidation work completed by the liquidation group; The trend and recovery of bulk funds in bankrupt enterprises: on-the-job audit of legal representatives and managers of bankrupt enterprises; Cause analysis of enterprise bankruptcy; Problems that need to be studied, perfected and solved in bankruptcy liquidation cases.

Cancel the registration of the original bankrupt enterprise, apply to the court to terminate the bankruptcy procedure, and the liquidation group officially cancels it. Bankruptcy liquidation procedures of bankrupt enterprises have officially ended.

Legal basis:

Article 7 of the Enterprise Bankruptcy Law of the People's Republic of China

The debtor may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation under the circumstances specified in Article 2 of this Law.

If the debtor is unable to pay off the debts due, the creditor may apply to the people's court for reorganization or bankruptcy liquidation of the debtor.

If an enterprise as a legal person has been dissolved but has not been liquidated or its assets are insufficient to pay off its debts, the person liable for liquidation according to law shall apply to the people's court for bankruptcy liquidation.