After the bankruptcy of a listed company, the debts shall be borne by the company's property. After a company is declared bankrupt, it is called bankruptcy and its property is called bankruptcy property. After the bankruptcy expenses and debts are paid off first, the bankruptcy property shall be paid off in legal order.
Two, the property has been used as a mortgage or other guarantee for bank loans and other creditor's rights, generally can not be paid off as property. Because the property as collateral or other collateral has actually been converted into the property of the creditor when the debtor fails to perform the debt. The debtor can no longer exercise his rights against them.
Three. Scope of bankruptcy property:
Scope of bankruptcy property: all the property of the bankrupt enterprise at the time of bankruptcy declaration; Property acquired after bankruptcy declaration and before the end of bankruptcy proceedings; Patent, trademark, copyright, proprietary technology, trade name and other property rights exercised by bankrupt enterprises.