After the company goes bankrupt, the loan needs to be repaid, but we need to pay the employees wages and compensation first, then pay some taxes, and finally repay the loan. Bankruptcy expenses and beneficial debts shall be paid off with the debtor's property at any time. If the debtor's property is insufficient to pay off all bankruptcy expenses and debts, the bankruptcy expenses shall be paid off first. Article 43 of People's Republic of China (PRC) Bankruptcy Law * * * Bankruptcy expenses * * * Beneficial debts shall be paid off with the debtor's property at any time. If the debtor's property is insufficient to pay off all bankruptcy expenses and debts, the bankruptcy expenses shall be paid off first. If the debtor's property is insufficient to pay off all bankruptcy expenses or beneficial debts, it shall be paid off in proportion. If the debtor's property is insufficient to pay off the bankruptcy expenses, the administrator shall request the people's court to terminate the bankruptcy proceedings. The people's court shall, within 15 days from the date of receiving the request, make a ruling to terminate the bankruptcy proceedings and make an announcement.
Second, after the bankruptcy liquidation of the company, should the bank loan be repaid first or first?
After paying off the bankruptcy expenses and debts first, 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 employee, the basic old-age insurance and basic medical insurance expenses owed to the employee's personal account, and the compensation that should be paid to the employee 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.
The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise.
Three. Is it necessary to repay the bank loan when the enterprise goes bankrupt and liquidates?
According to the provisions of the Enterprise Bankruptcy Law of the People's Republic of China, the loans owed to banks by enterprises after bankruptcy need to be paid off. If the bank loan is mortgaged, it shall be paid off with the collateral. If there is no guarantee, it is an ordinary creditor's right.