After Xiaobawang is filed for bankruptcy, what will be the impact on the company s legal persons and

<> a classic advertising slogan as a memory"Wangzi Jackie Chan is a little overlord""You shoot one, I shoot one, Xiaobawang out of the learning machine" has not appeared in people's field of vision for a long time, the economic court Zhongshan Intermediate People's Court of Guangdong Province made public on November 5, Xiaobawang Cultural Development **** was filed for bankruptcy reorganization.

The "National Game Console" Xiaobawang carries too many memories of the post-80s and post-90s, and the popular "Contra" and "Super Mario" in the 90s were all popular games on the Xiaobawang back then, even if they are mentioned now, they are not unfamiliar. But as the era of FC consoles passed. Xiaobawang seeks change and breakthrough in many directions, extending to family consumer electronic products, but there is no obvious effect, and the once-prosperous Xiaobawang culture has begun to decline.

According to the Tianyancha app, as of March to September 9, 2020, Xiaobawang Culture Co., Ltd. has a total of 29 records of persons subject to execution, with a total amount of 10,000 yuan. By November 6, Xiaobawang was once again listed as the person subject to execution by the First People's Court of Zhongshan City twice, with an execution target of more than 230,000 yuan. Since 2019, Xiaobawang Culture has been involved in as many as 98 judicial cases, among which there have been many disputes involving equity investment funds, and the company's legal representative, Feng Baolun, has been listed as a list of dishonest persons, and there are dozens of orders restricting high consumption.

If an enterprise is found to be a judgment defaulter, in addition to employing measures to restrict consumption against the enterprise, the legal representative of the enterprise and the company's executives must no longer carry out the act of restricting consumption. If private consumption uses personal property to carry out the acts provided for in the preceding paragraph, an application may be submitted to the enforcing court. The legal representative or senior executive of the enterprise that is designated as a judgment defaulter this time will also be removed from relevant positions and can no longer engage in industries, projects, or participate in bidding and bidding as provided for in the "Opinions on Accelerating the Establishment of Credit Supervision, Warning, and Punishment Mechanisms for Judgment Defaulters".

"Xiaobawang" has taught us a lesson, we should treat tax planning correctly and keep enterprises away from the blacklist.

Xiaobawang owes a huge debt to be repaid, and legal persons and executives need to be held accountable for it. Legal entities and executives need to come up with a large sum of money to compensate for this expense.

will be restricted from high consumption and travel restrictions. The property will be auctioned off and the bank will be frozen. I can't handle loans and credit cards, because I have been on the list of credit investigation debtors and become a liar, so I can't handle bank loans and credit cards and other related businesses.

The company's legal persons and executives are also prohibited from engaging in the acts stipulated in the consumption restrictions.

Legal persons and executives are restricted from high spending. Because Xiaobawang owes a huge debt to be repaid, legal persons and executives need to be held accountable for it.

Xiaobawang's bankruptcy was in a uproar, and I personally think that the impact of this incident on the company is probably another free and influential advertisement, after all, it is going to go bankrupt, maybe this wave of marketing can come back to life.

Guangdong Yihua Group Investment **** issued a statement on the official website of Xiaobawang, saying that the "Xiaobawang Cultural Development" of "Xiaobawang was filed for bankruptcy" is a VR product development and production enterprise operated by a third party that has cooperated with Xiaobawang, and it has no relationship with the "Xiaobawang" brand or products.

It may be difficult for the company to get back up, and it is looked down upon when it goes bankrupt, and many people don't believe in the strength of the company.

There are negative effects. The bankruptcy turmoil will make the partners worry about Xiaobawang's capital turnover ability, leading to the termination of cooperation.

Xiaobawang's main business scope is the game industry, hardware industry and some consumer goods industry. The hardware industry is the main business, and they have some additional business to do, but not so much.

The business scope of Xiaobawang company is mainly learning machines, mobile phones, household appliances, etc. During the pandemic, many companies were overwhelmed and chose to go bankrupt. The little overlord didn't hide either.