Jia Yueting filed for bankruptcy reorganization in the United States, why did he file for bankruptcy

Of course, because there are too many debts, Jia Yueting has not made a lot of guarantees for the company before, and now that the company has problems, of course he can't escape the fate of bankruptcy, and it is also possible that this is a way for Jia Yueting to escape debts. It's the first time I've heard of such a good thing as filing for personal bankruptcy if you owe money, but even if Jia Yueting has a monthly salary of $90,000, it will be difficult to repay the huge debt he is now carrying.

Jia Yueting is also a crazy person, from the grassroots who had nothing to the previous LeTV boss and rich man, and now he is burdened with tens of millions of debts. There are no regrets in such a crazy life, I have to say that Jia Yueting's perception of business was still very successful in the early stage. He seized this opportunity when the communication business and film and television business had not yet developed, and then developed very successfully, until 2013, his LeTV reached its peak state and can be compared with Xiaomi, at that time Jia Yueting also made a lot of money.

Obviously, he can continue to develop LeTV's film and television industry steadily, but Jia Yueting is not such a stable person, his ideas are bold and crazy. Maybe Jia Yueting wanted to prove his ability too much, after having money, Jia Yueting began to invest in various companies and shares, and even later he began to build cars, just to let others know that he was the best and he was the best. But Jia Yueting never expected that he would fail in the end, and then Jia Yueting filed for personal bankruptcy in the United States, and when he went bankrupt, he disclosed that Jia Yueting's monthly salary had reached $90,000.

It's really surprising, I didn't expect the boss to pay his own salary, and this salary is not a small amount.

It is said that the emaciated camel is bigger than the horse, even if Jia Yueting is bankrupt, but his assets are far more than we imagined, it can be seen from the fact that he compensated Gan Wei with 3 million, and I personally think that he is not as miserable as he boasted outside.

Because he does owe a lot of money, which is no longer something he can afford.

Jia Yueting filed for bankruptcy reorganization in the United States, and with a monthly salary of $90,000, he still has to file for bankruptcy because of the large industry.

Because he had a lot of debts at the beginning, he needed to pay them off.

That's why he didn't pay off his debts because his wages weren't enough.

Because he borrowed a lot of money to work capital when he started his business, he would have a lot of debt when he went bankrupt.

Although his monthly salary is relatively high, he owes too much money.

Because Jia Yueting is no one in charge of the United States.

With the outbreak of the LeTV debt crisis, Jia Yueting left the United States, losing his credibility and being in debt.

According to the Qichacha APP, Jia Yueting, Gan Wei and others added a new enforcement document, namely the "China Merchants Bank Co., Ltd. **** Shanghai Chuanbei Branch and LeTV Holdings (Beijing) ****, LeTV Mobile Intelligent Information Technology (Beijing) **** and other financial loan contract disputes Enforcement and Other Enforcement Rulings".

The ruling mentioned that the judgment debtors Gan Wei, Jia Yueting, LeTV Holdings (Beijing)****, LeTV Mobile Intelligent Information Technology (Beijing)****, and LeTV Mobile Hong Kong**** need to fulfill their repayment obligations to China Merchants Bank Shanghai Chuanbei Branch. During the resumption of enforcement, the executors Gan Wei and Jia Yueting returned a total of 3,048,000 yuan to the executor through real estate auction. Up to now, the person subject to enforcement has no property to be enforced, and he still owes the applicant for enforcement.

Jia Yueting and his wife, who owe huge debts in China but "ran away" in the United States, have always been the focus of people's attention, and everyone is concerned about the questions of "when Jia Yueting will return to China" and "can Jia Yueting repay the arrears". However, Jia Yueting never replied to these questions, but filed for personal bankruptcy in the United States in July last year, achieving "no debt and light body".

Faraday Future, founded by Jia Yueting, has made frequent moves, FF91 pre-production has rolled off the production line, opened a new company in China, and it is also rumored that Faraday Future plans to go public through a merger.

A few days ago, Netcom officially learned that the voting results of Jia Yueting's personal bankruptcy reorganization creditors were officially announced, according to the information released by the third-party voting **epiq, Jia Yueting was supported by more than 80% of the voting creditors, and the voting results indicated that Jia Yueting's bankruptcy reorganization plan had passed the vote of most creditors. Next, Jintou introduced the passage of the bankruptcy reorganization of Jia Zhuyueting

At the same time, the relevant personnel of Jia Yueting's debt processing team said that they will make every effort to prepare for the final hearing in the bankruptcy Cong Cave Court in the Central District of California on May 21 to ensure the smooth implementation of the bankruptcy reorganization. According to the personnel of the Xiang Du model, after these debts are resolved in the plan, they will directly help **TV Network reduce the scale of debts (including debts) and fulfill Jia Yueting's responsibilities.

FaradayFuture (FF) China officials said that if Jia Yueting's bankruptcy and restructuring are successfully completed, it will help FF successfully complete ** financing, or a successful IPO, and Faradayfuture is expected to open the China landing plan and hold the first FF91 product launch conference in China.

After Jia Yueting submits a personal bankruptcy reorganization, it will be conducive to the integration of funds.

Among them, all domestic creditors still retain the right to dispose of the frozen assets of Jia Yueting and the remaining debtors; The original debtors such as former LeEco-related enterprises will continue to implement debt repayment obligations; Compared with the original debt repayment claim filed with Jia Yueting through the guarantee procedure, the creditor now obtains all Jia Yueting's assets and income rights in advance through the trust of creditors, and all creditors will also receive the same rights and interests as full repayment of debts in the future.

The node of Jia Yueting's request for bankruptcy reorganization happened to be two days after the notification of the first personal bankruptcy case in China. On the morning of October 9, Wenzhou City, Zhejiang Province, notified the world's first case of personal bankruptcy case disposal environment. In this case, the debtor Cai was a shareholder of a bankrupt enterprise in Wenzhou, and the effective judgment determined that it should be jointly and severally obliged to repay the bankrupt enterprise's debt burden of more than 2.14 million yuan.

Because Cai did make every effort to repay the huge debt. In the end, Cai's plan to return the one-time return within 18 months was approved by the court according to the proportion of return, that is, more than 10,000 yuan.

Major General Yu, manager of Sankei observation, thinks,The U.S. market pays the most attention to personal credit, Jia Yueting is burdened with a lot of debt in the United States, if he can't launch a reasonable debt repayment plan, he might as well have a huge negative impact on himself and his future in the United States, and personal bankruptcy restructuring is the best plan under the passive situation. In addition, after the implementation of bankruptcy and reorganization in the United States, it may be conducive to the disclosure of bankruptcy and reorganization in China in the future.

Because there is a certain problem with the capital turnover, it can not be supported.

If you file for personal bankruptcy, you will be protected by law in the United States, and creditors will not be able to ask him for debts.

According to a source familiar with Jia Yueting's creditors, he has just received a copy of Jia Yueting's voluntary application for personal bankruptcy reorganization in a U.S. court.

Because Jia Yueting still owes a lot of debts, filing for bankruptcy is also a good way.

Because he may have some financial problems, and he may also have to transfer the economy.

Jia Yueting transferred all his assets to creditors through creditor trust.

This is all capital operation, and it is also a big guy in bankruptcy, and it will be successful

Perhaps because Jia Yueting's company was not well managed, he had to file for bankruptcy.

Please add the word "reorganization" and call it "bankruptcy reorganization".

The main thing is his financial crisis, but also his financial personal situation.

I want to be a ** and then continue to do it.

Because he couldn't support it anymore, he filed for bankruptcy.

Because it may be that his recent asset situation is difficult, so it will be so.

It was because of his financial problems that he filed for bankruptcy.

On May 22, it was reported that on May 21, local time, the personal bankruptcy and reorganization case of Jia Yueting, founder and cPUO of Faraday Future (FF), was finally confirmed and approved by the Bankruptcy and Reorganization Court of the Central District of California.

It is reported that after the official entry into force in early June, Jia Yueting will also transfer all the FF shares currently held by individuals to the creditor trust, Jia Yueting, as the founder of FF, no longer owns any FF equity, and the company's daily management rights are also handed over to Bi Fukang, the global CEO of FF.

The success of Jia Yueting's personal bankruptcy reorganization has cleared the way for FF to complete its equity financing goal as soon as possible, and then to achieve the implementation of FF 91 as soon as possible and promote FF's Sino-US dual-home strategy. (Text |.)AI Finance Club Zhu Quanhong).

At a hearing held in Los Angeles on May 21 local time, Faraday Future (FF) founder and CPU Jia Yueting (YT).The personal bankruptcy reorganization was finally confirmed and approved by the Bankruptcy Reorganization Court for the Central District of California.

Although a very small number of creditors still expressed objections at the hearing, the vast majority of creditors and judges expressed support. This means that Jia Yueting's personal bankruptcy reorganization has officially entered the effective processIt is expected to come into force in early June.

It is understood that after the personal bankruptcy reorganization plan officially took effect in early June, Jia Yueting will also transfer all the FF shares currently held by individuals to the creditor trust, Jia Yueting, as the founder of FF, no longer owns any FF equity, and the daily management of the company is also handed over to FF Global CEO Bi Fukang, but will continue to have FF Global CPU and global partner status.

Yes. It is reported that Jia Yueting's personal bankruptcy reorganization has been finally confirmed and approved by the bankruptcy and reorganization court for the Central District of California.

On July 5, 2017, Jia Yueting went to Los Angeles, USA for a "regular meeting". On July 6, 2017, he issued a personal statement on Weibo, saying that he "will take full responsibility and fulfill his responsibilities to the end". On the same day, LeTV announced that Jia Yueting resigned from all positions.

According to the relevant regulations on bankruptcy and reorganization, after the personal bankruptcy reorganization takes effect, Jia Yueting can return to China.

Jia Yueting has filed for personal bankruptcy reorganization in the United States: the total outstanding debt is $3.6 billion.