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How Does Creditor File Bankruptcy for a Chinese Debtor?-CTD 101 Series

Thu, 29 Sep 2022
Contributors: Meng Yu 余萌
Editor: C. J. Observer

If a creditor wishes to apply for bankruptcy of a Chinese debtor, it shall submit the following materials to the court:

This post was first published in CJO GLOBAL, which is committed to providing consulting services in China-related cross-border trade risk management and debt collection. We will explain how debt collection works in China below.

1. A Bankruptcy Application, specifying the basic information of the applicant and the respondent, the purpose of the application, the type of application, and the facts and causes of application;

2. The eligibility certificate of the applicant;

3. The eligibility certificate of the debtor;

4. Evidence that the debtor fails to pay off the due debts to the applicant.

Where the creditor applies for the reorganization of the debtor, it shall also submit an analysis report and supporting documents indicating the reorganization feasibility of the debtor, the reorganization feasibility report, and other materials deemed necessary by the court.

 

 

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Photo by Wang Zitao on Unsplash

Contributors: Meng Yu 余萌

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