Bankruptcy property shall be paid off in the order of bankruptcy expenses and debts, wages owed by the bankrupt, medical care and disability benefits. And finally pay off the ordinary creditor's rights. Generally, ordinary creditor's rights cannot be fully paid off.
Legal objectivity:
Article 113 of the Enterprise Bankruptcy Law of the People's Republic of China, after the bankruptcy expenses and beneficial debts are paid off, the bankruptcy property shall be paid off in the following order: (1) The wages, medical care, disability allowance and pension expenses owed by the bankrupt to the employees shall be recorded in the basic old-age insurance and basic medical insurance expenses of the employees' personal accounts, and the compensation payable to the 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) Ordinary bankruptcy claims. If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion.