I m looking for some examples of corporate bankruptcies

Hello Komo, facing bankruptcy; Countermeasure 1: Frankly explain the company's predicament, deal with a company on the verge of bankruptcy head-on, and save the company by turning the crisis into safety through the positive response method when encountering difficulties. 1. Be honest about the company's current situation and prohibit employees from passing on negative speculations and complaints.

2. Create team cohesion, put forward service, performance, integrity, respect, and innovation month team spirit action model Response 2: Retain excellent talentsMany companies simply and rudely start laying off employees when they encounter difficulties, although they can cut costs, but the impact on team morale and stability is very large. The company has established a set of effective talent evaluation mechanism, set the talent as excellent, good inspection, not up to standard, for outstanding talents through the best salary increase or long-term equity incentives to retain outstanding talents, encourage the morale of the whole team to improve the establishment of a positive atmosphere for the company.

Countermeasure 3: Carefully analyze the factors that affect cost, performance and growth based on data, and only data that can provide reference for action is useful data, and study which data "This company quickly determines which businesses should be divested and which ones to promote, and the strategy is more accurate and efficient. They analyzed every external market:

Is there a way for us to make money, what are the customer needs, and which of them is the most important. Solution 4: Reinvent Your Strategic Process Five Slides Method:

The first one: analyze the company's current situation "arena", competitors, market share, advantages and disadvantages, etc. The second one: analyze the competition, and analyze the third one from the perspective of product, technology and personnel changes

Analysis of the recent situation of the New Year in the fourth sheet: latent variables and crisis plan Fifth sheet: analysis of advantages, whether there is a surprising advantage.

Legal analysis: If an enterprise legal person is unable to pay off its debts when due, and its assets are insufficient to pay off all debts or it obviously lacks solvency, it may apply for bankruptcy.

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

Article 2 Where an enterprise legal person is unable to pay off its debts when due, and its assets are insufficient to pay off all debts or it obviously lacks the ability to pay off its debts, it shall liquidate its debts in accordance with the provisions of this Law. Where an enterprise legal person has the circumstances provided for in the preceding paragraph, or there is a clear possibility of losing solvency, it may carry out reorganization in accordance with the provisions of this Law.

Article 7 Under the circumstances provided for in Article 2 of this Law, the debtor may submit an application for reorganization, reconciliation or bankruptcy liquidation to the people's court. If the debtor is unable to repay the debts due, the creditor may apply to the people's court for reorganization or bankruptcy liquidation of the debtor. If an enterprise legal person has been dissolved but has not been liquidated or has not been liquidated, and its assets are insufficient to pay off its debts, the person who bears the responsibility for liquidation in accordance with the law shall apply to the people's court for bankruptcy liquidation.

The debtor shall cease production and business activities from the date of the declaration of bankruptcy. If it is really necessary to continue the production and operation of the wheel excavation for the benefit of the creditor, it must be approved by the people's court to disperse the slag.

From the date of the declaration of bankruptcy, the bankrupt enterprise loses the right to manage and dispose of its own property, and all its property is taken over by the liquidation group. The debtor's bank account can only be used by the liquidation group.

If the bankrupt enterprise fails to perform the contract, the liquidation group shall decide to dissolve or continue to perform.

If the property of a bankrupt enterprise is sealed, seized or frozen in other civil proceedings, the people's court accepting the bankruptcy case shall immediately notify the People's Falapi Institute that has taken measures to seal, seize or freeze the case and go through the transfer formalities with the people's court accepting the bankruptcy case.

The legal consequences of a business declaring bankruptcy are as follows:

1. The debtor shall cease production and business activities from the date of bankruptcy declaration.

2. From the date of bankruptcy declaration, the bankrupt enterprise loses the right to manage and dispose of its own property, and all its property is taken over by the liquidation group.

3. The liquidation group shall decide to terminate or continue to perform the contract that the bankrupt enterprise has not performed.

4. After the enterprise declares bankruptcy, the people's court shall appoint the necessary personnel to stay behind.

Article 7 of the Enterprise Bankruptcy Law.

If the debtor has the circumstances provided for in Article 2 of this Law, it may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation. 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.

Where an enterprise legal person has been dissolved but has not been liquidated or has not been liquidated, and the surplus assets are insufficient to pay off the debts, the person who bears the responsibility for liquidation in accordance with law shall apply to the people's court for bankruptcy liquidation.

The bankruptcy and liquidation of an enterprise means the end of the old mode of operation of the enterprise and the beginning of a new mode of operation.

Therefore, this is the best time for the development of the enterprise, and we as employees should continue to work hard, and then use our professional knowledge to make the development of the enterprise better, and we will continue to improve and progress.

1.Hard work will pay off.

Hard work is the most effective path to any success, but also the best way to achieve all dreams, no matter what the situation, as long as you work hard, you will definitely have gains, because life has never lived up to the hard work of any person.

2.One more effort, one more success.

Opportunities are the same for everyone, many times, who has more opportunities, it depends on who works harder, countless facts have also shown that those who can become excellent people and live better people, the initial success is inseparable from focus and hard work, this good luck, must also rely on their own efforts to get.

3.Diligence is an important way to work hard.

Hard work means that you must be diligent, as the so-called diligence can make up for clumsiness, diligence is our inexhaustible ability, but also the basis for determining success in life, there is nothing difficult in the world, no matter what kind of conditions you have, in what environment, as long as you can do positive efforts and diligence, there will be a chance to succeed.

4.Try to focus on doing one thing well.

If the goal of efforts is too much, the ability will inevitably be scattered, if the current state is because of the goal that you are trying to pursue too much, then we must quickly reflect on ourselves, find out the most important thing for ourselves and the most able to move towards the goal, and then concentrate on the ability, focus on doing this thing well, and then do the next one, so that our efforts can be called efficient.

5.Try to learn to choose.

Life will not always treat us well, there will be setbacks and failures, go your own way, live your own life, life needs to work hard, but also need to learn to choose, choose the right direction, choose the right friends, choose a sunny and positive attitude.

6.Strive for a better future.

Everyone is through their own efforts, to determine the good look of life, don't waste time, don't let tomorrow's self because today is not hard enough and disappointed, the ideal can only rely on the efforts to focus on action, in order to be realized in reality.

When an enterprise has reached the point where it is impossible to sustain itself, then Huai will naturally carry out bankruptcy liquidation, and the bankruptcy liquidation of an enterprise often means that an enterprise has encountered the following problems in the development process

First of all, when an enterprise legal person is unable to pay off the debts due, and the assets are insufficient to pay off all the debts, and the enterprise legal person obviously lacks solvency, or has obvious insolvency, it is very likely to be applied for bankruptcy liquidation in accordance with the law, especially in some companies, can not pay off the debts due, and the assets are not enough to pay off all the debts, the company has been dissolved, but has not been liquidated or the liquidation has not been completed, and the assets are not enough to pay off the debts, it may be liquidated.

However, Article 2 of the Enterprise Bankruptcy Law clearly stipulates that if an enterprise legal person is unable to pay off its debts as they fall due, and its assets are insufficient to pay off all its debts, or it obviously lacks solvency, it shall liquidate its debts on a regular basis in accordance with these Regulations, and if an enterprise legal person has the circumstances specified in the preceding paragraph or has obvious insolvency, it may be reorganized in accordance with these Regulations, and Article 7 Where the debtor has the circumstances provided for in Article 2 of this Law, it may file an application for reorganization and reconciliation or bankruptcy liquidation with the court, and the debtor is unable to repay its debts when due. If the creditor may apply to the court for reorganization or bankruptcy liquidation of the debtor, and if the enterprise legal person has been dissolved, but the assets that have not been liquidated or liquidated are insufficient to pay off the debts, the person responsible for liquidation in accordance with the law shall apply to the court for bankruptcy liquidation.

Question 1: What is corporate bankruptcy?

Question 2: What does it mean to be bankrupt in a company?

Corporate bankruptcy refers to a legal system in which the company or its creditors apply to the court when the company is unable to pay off its debts when they are due, and the court uses trial procedures to pay off the company's debts equally and eliminate its civil subject qualifications. After the company is declared bankrupt by the court, the court shall appoint members of the liquidation team to be responsible for the safekeeping, liquidation, valuation, disposal and distribution of the bankruptcy estate. At the same time, the bankrupt loses the right to manage and dispose of his property, but has the obligation to submit the relevant property books and a list of debtors and creditors of the bankrupt and filial property, and to reply to inquiries on relevant matters.

The debtor of the bankrupt person and the holder of the property belonging to the bankrupt consortium shall not directly pay off the bankrupt person or deliver his property to the person who has broken the forest. The liquidation of the bankruptcy estate shall be carried out in accordance with the prescribed procedures.

After ruling that the company is bankrupt, the people's court will, in accordance with the General Principles of the Civil Law of the People's Republic of China, the Enterprise Bankruptcy Law (for Trial Implementation) and the provisions of relevant civil litigation, organize a liquidation group composed of shareholders, relevant organs and professionals to carry out bankruptcy liquidation of the company, and repay all the assets of the declared bankrupt person according to the specific circumstances such as the nature and amount of the creditor's rights and the procedures prescribed by law. After all the distribution is completed, the court shall make provisions to terminate the bankruptcy liquidation procedure.

Enterprise bankruptcy refers to the insolvency of an enterprise due to poor operation and management in the production and operation of an enterprise, whose liabilities reach or exceed all the assets it possesses, and cannot pay off the debts due.

Conditions for the bankruptcy of a business.

If an enterprise suffers serious losses due to poor operation and management and is unable to pay off its debts when due, it may file for bankruptcy. Inability to pay off debts as they fall due refers to:

1. The repayment period of the debt has expired;

2. The creditor has demanded repayment;

3. The debtor obviously lacks solvency.

General procedures for the bankruptcy of a business.

1. Submission and acceptance of bankruptcy application;

2. Creditors' meeting;

3. Reconciliation and rectification;

4. Bankruptcy declaration and bankruptcy liquidation;

5. Settlement and distribution;

6. Bankruptcy is terminated.