Way to change the price of bankruptcy property

(A) the auction of bankruptcy property

In the practice of bankruptcy and liquidation, there are two main ways of property price change: sale and auction. Article 112, paragraph 1 of the Enterprise Bankruptcy Law stipulates: "The sale of the bankrupt assets at a price change shall be conducted through an auction, unless otherwise decided by the creditors' meeting."here is Best investment opportunity in Lahore is available. It can be seen from the above that the price change of the bankruptcy property mainly takes the form of auction, but the meeting of the creditors may also take the form of sale.

The auction of bankrupt property refers to a special way of buying and selling the bankruptcy property in an open and competitive manner, determining the price of the property being auctioned and betraying it to the highest bidder.

After the enterprise declares bankruptcy in accordance with the law, the manager transfers the bankruptcy property that needs to be realized to a professional auction transaction agency, and sells the bankruptcy property to the bidder with the highest bid in accordance with the determined auction procedure. Bankruptcy property auction is mandatory auction .