What if the financing company goes bankrupt?

Legal analysis: when a company goes bankrupt, it will start bankruptcy liquidation procedures and pay off debts in the order of bankruptcy liquidation. 1, bankruptcy expenses, public debt; 2. The wages, medical care, disability allowance and pension expenses owed by the bankrupt to the employees, as well as the basic old-age insurance and basic medical insurance expenses that should be included in the employees' personal accounts; (3) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph; 4. Ordinary bankruptcy claims.

Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.

Article 7 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.

Article 8 When filing a bankruptcy application with the people's court, the bankruptcy application and relevant evidence shall be submitted. The bankruptcy application shall specify the following items: (1) Basic information of the applicant and the respondent; (2) the purpose of the application; (three) the facts and reasons for the application; (4) Other matters that the people's court deems necessary. If the debtor applies, it shall also submit to the people's court a statement of property status, a list of debts, a list of creditor's rights, relevant financial and accounting reports, a plan for the placement of employees, the wages of employees and the payment of social insurance premiums.