How long does it usually take for a company to go bankrupt and liquidate?

Legal analysis: the statutory announcement period is 90 days, and others include time for paying off debts, resettling employees and auditing. If everything goes well, it will take at least 120 days.

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

Article 107 If the people's court declares the debtor bankrupt according to the provisions of this Law, it shall serve it on the debtor and the administrator within five days from the date of ruling, notify the known creditors within ten days from the date of ruling, and make a public announcement.

After the debtor is declared bankrupt, the debtor is called bankruptcy, the debtor's property is called bankruptcy property, and the creditor's rights enjoyed by the people's court when accepting the bankruptcy application are called bankruptcy claims.

Article 108 Before bankruptcy is declared, in any of the following circumstances, the people's court shall order the termination of bankruptcy proceedings and make an announcement:

(1) The third party provides full guarantee for the debtor or pays off all debts due for the debtor;

(2) The debtor has paid off all due debts.