Insolvent liquidations/Bankruptcy

Overview

If, despite everyone’s best efforts, a recovery is not possible and a company is insolvent, the best way for secured creditors and investors to attempt to recover assets and realise a return is through the statutory procedure of liquidation.

We were admitted to the register of bankruptcy administrators in Beijing, the second batch of the register of bankruptcy administrators in Shanghai and the register of bankruptcy administrators in Suzhou in 2007, 2014 and 2017 respectively. This means we can act as the bankruptcy administrator of insolvent companies in a liquidation process under China’s new PRC Bankruptcy Law, which became effective on 1 June 2007.

Liquidating a company in China burdened with debt usually involves a number of complex procedures. In this regard, we are also able to act as financial advisers for bankruptcy administrators to provide professional advisory services for large bankruptcy cases.