● Dissolution and liquidation

Dissolution and liquidation happen when an enterprise is unsuitable or unable to continue its operation due to the expiration of its operation period, or due to other business reasons, so it declares dissolution voluntarily or forcibly and enters into liquidation.

Main service contents:

1. Formulate the liquidation work plan and scheme;

2. Notify and publicize creditors, accept and review declarations of creditor’s rights;  

3. Handle the litigation and arbitration during the liquidation, clearing up claims and debts;

4. Keep custody of, pay with, collect and distribute enterprise assets;

5. Participate in the negotiation and coordination of the liquidation matters;

6. If the company’s property is insufficient to pay off its debts, assist the liquidation team to apply to the people’s court to declare the company bankrupt, and handle legal affairs related to bankruptcy;

7. Assist in handling matters such as enterprise deregistration.

● Reconciliation

Enterprise bankruptcy reconciliation refers to the legal process that the debtor that has the causes of going bankrupt reaches concessions and agreements with the creditor to settle the debts, so as to avoid bankruptcy liquidation. The agreement will take effect after being approved by the court.

Main service contents:

1. Assist in reviewing whether the debtor meets the conditions for applying for reconciliation, and demonstrate whether there is a possibility of reconciliation;

2. Assist in designing and adjusting the reconciliation plan;

3. Prepare evidence, materials, and documents, apply to the court and participate in the reconciliation process;  

4. Participate in negotiations and apply for the court’s approval of the reconciliation agreement.

● Company reorganization

Bankruptcy reorganization refers to the legal system which makes business reorganization and debt adjustment under the auspices of the court through the application of interested parties for enterprises that may or already have reasons for bankruptcy but have the hope of maintaining value and regeneration, so as to help the enterprise get rid of financial distress, and restore business operations.

Main service contents:

1. Review whether the debtor meets the conditions for applying for reorganization, and demonstrate whether there is a possibility of reorganization and being rescued;

2. Design the reorganization plan;

3. Prepare the evidence and materials for the application for reorganization, apply to the court and participate in the reorganization procedure;

4. Participate in the negotiation and apply for the court’s approval of the reorganization plan.

● Company bankruptcy and liquidation

Bankruptcy liquidation refers to the legal system in which a company cannot repay its due debts, and cannot reach a settlement or reorganization with its creditors, so the court will enforce the entire property of the company and pay off debts of all creditors fairly.

When representing the creditors of a bankrupt company, the main service contents include:

1. Review and demonstrate whether the debtor has reached the bankruptcy threshold;

2. Design a bankruptcy liquidation plan;

3. Prepare evidence and materials, and apply to the court for bankruptcy liquidation;

4. Participate in bankruptcy liquidation proceedings.

When representing an insolvency administrator, the main service contents include:

1. Formulate bankruptcy liquidation work plans and programs;

2. Notify and publicize creditors, accept and review declarations of creditors’ rights;

3. Handle the litigation and arbitration during bankruptcy, clear up claims and debts;

4. Keep custody of, pay with, collect and distribute enterprise assets;

5. Participate in the negotiations among parties to bankruptcy;

6. Assist in handling matters such as enterprise deregistration.