Dynamic... Three bankruptcy cases undertaken by Zhongcheng Qingtai Law Firm were selected as typical cases of bankruptcy in the court.
Published:
2023-04-11
Among the ten typical cases of bankruptcy trial in Shandong court in 2022 and the ten typical cases of bankruptcy trial in Binzhou court from 2018 to 2022 recently announced, a total of three bankruptcy cases undertaken by Zhongcheng Qingtai were selected. Among them, the bankruptcy liquidation case of Shandong Yongan Cotton Products Co., Ltd. was selected as the top ten typical bankruptcy trials of Shandong courts in 2022, the merger and reorganization case of 27 companies such as Qixing Group Co., Ltd. and the bankruptcy reorganization case of Shandong Ocean Plastic Industry Co., Ltd. were selected as the top ten typical bankruptcy trials of Binzhou courts from 2018 to 2022. Ten Typical Cases of Bankruptcy Trial in Shandong Court in 2022-Simple Case Quick Trial Runs out of New Speed of Bankruptcy Handling-Bankruptcy Liquidation Case of Shandong Yongan Cotton Products Co., Ltd. Yong'an has a high asset-liability ratio and is a "zombie enterprise" that needs to be cleared ". In December 2021, Yong'an applied to the Jinan Zhangqiu District Court for bankruptcy liquidation. Due to the clear property status of Yongan Company and the small number of creditors, the court decided to simplify the trial procedure and let the judge alone hear the case. In January 2021, the first creditors' meeting of Yongan Company completed all voting matters in one lump sum, using the in-kind distribution method of first order, flexible disposal of the bankruptcy estate and implementation of distribution. typical meaning This case is a typical case of the implementation of the bankruptcy trial "complex and simple diversion" and the quick trial of the simple case. The case was fully studied at the bankruptcy review stage and a trial plan was developed. The selection of the insolvency representative shall be completed before the decision is accepted, and the method of trial by the judge alone and the method of variable price distribution in kind shall be applied. The case took only 33 days from the acceptance of the case to the end of the bankruptcy proceedings, which has accumulated valuable experience for the rapid liquidation of "zombie enterprises", and is currently the case with the shortest trial cycle of bankruptcy cases. Binzhou Court's Top Ten Bankruptcy Trial Typical Cases-Qixing Group Co., Ltd. and Other 27 Companies Merger and Reorganization Case basic case] Affected by comprehensive factors such as the economic situation and business management, Qixing Group Co., Ltd.'s capital chain was broken and unable to pay off its due debts. The Zouping City Court ruled to accept the bankruptcy reorganization applications of 27 affiliated companies including Qixing Group. Because the 27 companies have a high degree of mixed legal personality and the cost of distinguishing the property of the members is too high, in order to pay off the creditors fairly, according to the administrator's application, on October 20, 2017, the Zouping City Court ruled that Qixing Group and other 27 companies were merged and reorganized. referee results] On July 16, 2018, the Zouping City Court ruled to approve the merger and reorganization plan of 27 companies including Qixing Group, and terminate the reorganization procedures of 27 companies including Qixing Group Co., Ltd. typical meaning] The Zouping City Court respectively ruled to accept the bankruptcy reorganization applications of 27 companies including Qixing Group Co., Ltd., guide the administrator to conduct a comprehensive investigation and demonstration, organize hearings to fully listen to the opinions of interested parties, and innovate the application of the substantive merger and reorganization system of related enterprises, and When formulating the reorganization plan, choose to retain the main qualifications of 27 companies and formulate business plans by sector. Because the reorganization enterprise involves a large amount of financial claims, the mutual insurance and external guarantee of related enterprises involve a wide range of economic subjects, the unified consultation through the reduction of the proportion of secured claims payment, third-party claims acquisition and other ways, from the legal level to melt the associated guarantee chain, effectively prevent and control the unlimited spread of the guarantee circle. This case is a prudent application of the judicial practice of merger and reorganization of related enterprises, which reduces the cost of bankruptcy, equally protects the legitimate interests of all interested parties, and makes an effective exploration for the lifting of the guarantee circle in the reorganization of large enterprises and the resolution of regional financial risks in accordance with the law. Binzhou court ten typical cases of bankruptcy trial-Shandong Ocean Plastic Industry Co., Ltd. bankruptcy reorganization case. basic case] Shandong Ocean Plastic Industry Co., Ltd. fell into a debt crisis due to poor management and a broken capital chain, and filed an application for bankruptcy reorganization with the development zone court. Because Ocean Plastic Company has production capacity and investment conditions, the development zone court ruled to accept the reorganization of Ocean Plastic Company. application. referee results] On January 22, 2021, the Development Zone Court ruled to approve the bankruptcy reorganization plan of Ocean Plastics Company. typical meaning] Shandong Ocean Plastic Industry Co., Ltd. has production conditions and reorganization value, the development zone court actively implemented bankruptcy rescue, determined that Ocean Plastic Company to adopt the debtor's independent operation, the administrator's comprehensive supervision of the mode of bankruptcy reorganization. Continuous operation ensures the vitality of the enterprise, is conducive to the reorganization of investor recruitment, is conducive to stabilizing the mood of employees and creditors. At the same time, the legitimate rights and interests of small creditors are protected to the maximum extent by giving priority to the protection of small creditors and increasing the number of small creditors to pay off in full. This case is a typical case of judicial rescue of troubled enterprises, judicial wisdom to help enterprises to regenerate, to achieve the optimal allocation of market resources and the stable cash of claims. Over the years, Zhongcheng Qingtai has continued to make efforts in the field of bankruptcy business, formed a professional and efficient business system and a mature and stable business team, has a strong ability to handle major and complex bankruptcy cases, and enjoys a high reputation and influence in the industry. In the bankruptcy business sector of Zhongcheng Qingtai, Jinan, Qingdao, Zibo and Dezhou have the qualifications of first-class managers, Chengyang, Binzhou, West Coast and Yantai have the qualifications of second-class managers, and six lawyers, including Geng Guoyu, Li Ruzhi, Jia Maoyuan, Tang Zong, Ma Shibin and Li Xuehua, have the qualifications of personal managers. Zhongcheng Qingtai will continue to deepen its bankruptcy business, attach great importance to project quality control and talent cultivation, continue to explore and innovate, integrate resources, improve the quality and efficiency of case handling, and contribute to saving troubled enterprises and optimizing the business environment.
Among the ten typical cases of bankruptcy trial in Shandong court in 2022 and the ten typical cases of bankruptcy trial in Binzhou court from 2018 to 2022 recently announced, a total of three bankruptcy cases undertaken by Zhongcheng Qingtai were selected. among them,The bankruptcy liquidation case of Shandong Yongan Cotton Products Co., Ltd. was selected as the top ten typical bankruptcy trials of Shandong courts in 2022. The merger and reorganization case of 27 companies such as Qixing Group Co., Ltd. and the bankruptcy reorganization case of Shandong Ocean Plastic Industry Co., Ltd. were selected as the top ten typical bankruptcy trials of Binzhou courts from 2018 to 2022.
Ten Typical Cases of Bankruptcy Trial in Shandong Court in 2022-Simple Case Quick Trial Runs out of New Speed of Bankruptcy Handling-Bankruptcy Liquidation Case of Shandong Yongan Cotton Products Co., Ltd.
Yong'an has a high asset-liability ratio and is a "zombie enterprise" that needs to be cleared ". In December 2021, Yong'an applied to the Jinan Zhangqiu District Court for bankruptcy liquidation. Due to the clear property status of Yongan Company and the small number of creditors, the court decided to simplify the trial procedure and let the judge alone hear the case. In January 2021, the first creditors' meeting of Yongan Company completed all voting matters in one lump sum, using the in-kind distribution method of first order, flexible disposal of the bankruptcy estate and implementation of distribution.
typical meaning
This case is a typical case of the implementation of the bankruptcy trial "complex and simple diversion" and the quick trial of the simple case. The case was fully studied at the bankruptcy review stage and a trial plan was developed. The selection of the insolvency representative shall be completed before the decision is accepted, and the method of trial by the judge alone and the method of variable price distribution in kind shall be applied. The case took only 33 days from the acceptance of the case to the end of the bankruptcy proceedings, which has accumulated valuable experience for the rapid liquidation of "zombie enterprises", and is currently the case with the shortest trial cycle of bankruptcy cases.
Binzhou Court's Top Ten Bankruptcy Trial Typical Cases-Qixing Group Co., Ltd. and Other 27 Companies Merger and Reorganization Case
basic case]
Affected by comprehensive factors such as the economic situation and business management, Qixing Group Co., Ltd.'s capital chain was broken and unable to pay off its due debts. The Zouping City Court ruled to accept the bankruptcy reorganization applications of 27 affiliated companies including Qixing Group. Because the 27 companies have a high degree of mixed legal personality and the cost of distinguishing the property of the members is too high, in order to pay off the creditors fairly, according to the administrator's application, on October 20, 2017, the Zouping City Court ruled that Qixing Group and other 27 companies were merged and reorganized.
referee results]
On July 16, 2018, the Zouping City Court ruled to approve the merger and reorganization plan of 27 companies including Qixing Group, and terminate the reorganization procedures of 27 companies including Qixing Group Co., Ltd.
typical meaning]
The Zouping City Court respectively ruled to accept the bankruptcy reorganization applications of 27 companies including Qixing Group Co., Ltd., guide the administrator to conduct a comprehensive investigation and demonstration, organize hearings to fully listen to the opinions of interested parties, and innovate the application of the substantive merger and reorganization system of related enterprises, and When formulating the reorganization plan, choose to retain the main qualifications of 27 companies and formulate business plans by sector. Because the reorganization enterprise involves a large amount of financial claims, the mutual insurance and external guarantee of related enterprises involve a wide range of economic subjects, the unified consultation through the reduction of the proportion of secured claims payment, third-party claims acquisition and other ways, from the legal level to melt the associated guarantee chain, effectively prevent and control the unlimited spread of the guarantee circle. This case is a prudent application of the judicial practice of merger and reorganization of related enterprises, which reduces the cost of bankruptcy, equally protects the legitimate interests of all interested parties, and makes an effective exploration for the lifting of the guarantee circle in the reorganization of large enterprises and the resolution of regional financial risks in accordance with the law.
Binzhou court ten typical cases of bankruptcy trial-Shandong Ocean Plastic Industry Co., Ltd. bankruptcy reorganization case.
basic case]
Shandong Ocean Plastic Industry Co., Ltd. fell into a debt crisis due to poor management and a broken capital chain, and filed an application for bankruptcy reorganization with the development zone court. Because Ocean Plastic Company has production capacity and investment conditions, the development zone court ruled to accept the reorganization of Ocean Plastic Company. application.
referee results]
On January 22, 2021, the Development Zone Court ruled to approve the bankruptcy reorganization plan of Ocean Plastics Company.
typical meaning]
Shandong Ocean Plastic Industry Co., Ltd. has production conditions and reorganization value, the development zone court actively implemented bankruptcy rescue, determined that Ocean Plastic Company to adopt the debtor's independent operation, the administrator's comprehensive supervision of the mode of bankruptcy reorganization. Continuous operation ensures the vitality of the enterprise, is conducive to the reorganization of investor recruitment, is conducive to stabilizing the mood of employees and creditors. At the same time, the legitimate rights and interests of small creditors are protected to the maximum extent by giving priority to the protection of small creditors and increasing the number of small creditors to pay off in full. This case is a typical case of judicial rescue of troubled enterprises, judicial wisdom to help enterprises to regenerate, to achieve the optimal allocation of market resources and the stable cash of claims.
Over the years, Zhongcheng Qingtai has continued to make efforts in the field of bankruptcy business, formed a professional and efficient business system and a mature and stable business team, has a strong ability to handle major and complex bankruptcy cases, and enjoys a high reputation and influence in the industry. In the bankruptcy business sector of Zhongcheng Qingtai, Jinan, Qingdao, Zibo and Dezhou have the qualifications of first-class managers, Chengyang, Binzhou, West Coast and Yantai have the qualifications of second-class managers, and six lawyers, including Geng Guoyu, Li Ruzhi, Jia Maoyuan, Tang Zong, Ma Shibin and Li Xuehua, have the qualifications of personal managers.
Zhongcheng Qingtai will continue to deepen its bankruptcy business, attach great importance to project quality control and talent cultivation, continue to explore and innovate, integrate resources, improve the quality and efficiency of case handling, and contribute to saving troubled enterprises and optimizing the business environment.
Key words:
Court, bankruptcy, reorganization, company, typical, enterprise, limited company, case, shandong
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