What is the bankruptcy property price

The basic principle of changing the price of bankruptcy property

The change of the value of the enterprise property will eventually reach the goal of protecting the interests of the creditors and minimizing the loss of the property of the enterprise. Therefore, the following basic principles should be followed when changing the price of the property.

First, the principle of open treatment

The bankruptcy property is the basis for all creditors to realize their claims . The work of changing prices is of vital interest to each creditor. Therefore, the liquidation team shall notify all creditors and debtors in dealing with the price change of the bankrupt enterprise assets, and should be fair, just and open The principle of asset realization.

Second, the principle of obtaining the permission of the people's court

The liquidation team formulates plans for liquidation of property, which shall be submitted to the creditors' meeting for approval before being submitted to the people's court for approval.

In bankruptcy proceedings , people's courts are always in the leading position and supervise, confirm and revoke the work of the liquidation team. Therefore, the liquidation team should obtain the prior consent of the people's court in the liquidation of the enterprise's assets.

Third, the principle of complete sets of equipment sold

The People's Republic of China Enterprise Bankruptcy Law (Provisional) stipulates: "The complete sets of equipment in a bankrupt enterprise shall be sold in its entirety, and if not sold in its entirety, it may be distributed for sale."

The Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Enterprise Bankruptcy Cases also point out: "Generally, the complete sets of equipment in the bankruptcy property should be sold as a whole."

The price change of bankruptcy property of an enterprise may be conducted in an open manner such as auction, sale, etc. However, no bankruptcy property that can not be auctioned or auctioned according to law may be physically allocated or sold at the time of bankruptcy distribution . The bankruptcy property that is restricted in circulation according to law shall be acquired by the department designated by the state or dealt with according to the provisions of the relevant laws.