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Shandong Taihua Pulp and Paper Co., Ltd. bankruptcy liquidation case the first meeting of creditors held smoothly

Published:

2022-04-14

On the morning of April 12, 2022, under the auspices of the People's Court of Lingcheng District, Dezhou City, Shandong Taihua Pulp and Paper Co., Ltd. (hereinafter referred to as Taihua Pulp and Paper Company) bankruptcy liquidation with Zhongcheng Qingtai (Jinan) Law Firm as the administrator The first creditors' meeting of the case was successfully held. Taihua Pulp and Paper Company has stopped production for many years, the problems of employees are complicated, it is difficult to confirm property rights, the contradictions of all parties are more concentrated and prominent, and the social impact is greater. After the manager accepts the appointment, he quickly forms a team according to the characteristics of the project, formulates a detailed work plan and work plan, performs his duties diligently and efficiently, and fully performs the duties of the manager. In their work, managers strive to coordinate conflicts of interest of all parties in accordance with the law, actively resolve contradictions and disputes in cases, properly handle problems left over from history, and actively promote the progress of cases while striving to maintain social stability. In order to implement the important instructions on the prevention and control of the new crown epidemic and improve work efficiency, the creditors' meeting was held on a network basis. Representatives of administrators, audit institutions, evaluation institutions, debtor representatives, etc. attended the meeting on site, and creditors who have declared their claims attended the meeting through the DingTalk management platform. At the meeting, the administrator made the report on the phased work of performing duties, the report on the status of property, the report on the remuneration plan of the administrator and the report on the verification of creditor's rights; at the same time, it was submitted to the creditors' meeting for deliberation and passed the "property management plan" and the "bankruptcy property price change plan" by a high vote, successfully completing the agenda of the meeting. The follow-up manager will continue to adhere to the principle of "according to law, standardization, efficiency and fairness", scrupulously perform their duties, overcome difficulties, carry out their work under the supervision of the court and creditors, and strive to ensure the smooth progress of the work of the case.

Taihua Pulp and Paper Company has stopped production for many years, the problems of employees are complicated, it is difficult to confirm property rights, the contradictions of all parties are more concentrated and prominent, and the social impact is greater. After the manager accepts the appointment, he quickly forms a team according to the characteristics of the project, formulates a detailed work plan and work plan, performs his duties diligently and efficiently, and fully performs the duties of the manager. In their work, managers strive to coordinate conflicts of interest of all parties in accordance with the law, actively resolve contradictions and disputes in cases, properly handle problems left over from history, and actively promote the progress of cases while striving to maintain social stability.

In order to implement the important instructions on the prevention and control of the new crown epidemic and improve work efficiency, the creditors' meeting was held on a network basis. Representatives of administrators, audit institutions, evaluation institutions, debtor representatives, etc. attended the meeting on site, and creditors who have declared their claims attended the meeting through the DingTalk management platform. At the meeting, the administrator made the report on the phased work of performing duties, the report on the status of property, the report on the remuneration plan of the administrator and the report on the verification of creditor's rights; at the same time, it was submitted to the creditors' meeting for deliberation and passed the "property management plan" and the "bankruptcy property price change plan" by a high vote, successfully completing the agenda of the meeting.

The follow-up manager will continue to adhere to the principle of "according to law, standardization, efficiency and fairness", scrupulously perform their duties, overcome difficulties, carry out their work under the supervision of the court and creditors, and strive to ensure the smooth progress of the work of the case.