Instead of adopting the usual bankruptcy liquidation method, the court openly recruited investors and contractors to revitalize the company's assets of 300 million yuan and resolve debts of 3.3 billion yuan.
For some enterprises that still have development prospects and only have temporary crisis, the people's court will focus on using bankruptcy reconciliation and bankruptcy reorganization mechanisms to save enterprises in trouble through marketization and legalization, realize the regeneration and reconstruction of enterprise value, and give full play to the rescue function of bankruptcy procedures.