China Justice Observer

中司观察

EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

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.

 

 

* * *

Do you need support in cross-border trade and debt collection?

CJO Global's team can provide you with China-related cross-border trade risk management and debt collection services, including: 
(1) Trade Dispute Resolution
(2) Debt Collection
(3) Judgments and Awards Collection
(4) Anti-Counterfeiting & IP Protection
(5) Company Verification and Due Diligence
(6) Trade Contract Drafting and Review

If you need our services, or if you wish to share your story, you can contact our Client Manager Susan Li (susan.li@yuanddu.com).

If you want to know more about CJO Global, please click here.

If you want to know more about CJO Global services, please click here.

If you wish to read more CJO Global posts, please click here.

 

 

Photo by Wang Zitao on Unsplash

Contributors: Meng Yu 余萌

Save as PDF

You might also like

China Revises State Secrets Protection Law

China’s national legislature, the National People’s Congress, revised the State Secrets Protection Law to enhance information classification, secrecy in technological innovation, and precise protection of state secrets, effective May 1, 2024.

China Enhances Legal Aid Law Implementation

In November 2023, China’s Supreme People’s Court and other top judicial bodies jointly issued measures to implement the Legal Aid Law, clarifying responsibilities and ensuring parties' rights to legal aid.