Case playback:

　　Wugudaochang company founded in 2001, as the instant noodles market a dark horse in a short period of time has been made and Kangshifu, unified position on an equal footing of brand giants. Due to the blind expansion and the sharp rise in raw material prices and other factors lead to financial crisis, business conditions continued to worsen. As of 2008 October, wugudaochang company total assets of 4420 yuan, total liabilities of 628000000 yuan, assets and liabilities rate of 524%, is expected to average debt ratio is only 2.76%, the company has been in line with the conditions of bankruptcy. In October 16, 2008, wugudaochang company formally filed for bankruptcy reorganization. In February 12, 2009, COFCO 109000000 acquisition of the company shareholders, ordinary creditor's rights group settlement ratio will be raised to 15.75%. In September 19, 2009, wugudaochang company officially resumed production, payment was made successfully issued.

　　Intensive analysis:

　　Market economy is a competitive economy, under the law of value under the action of the survival of the fittest is the problem of justice. Bankruptcy is one of the important ways to the production and operation of enterprises to exit the market failure. When the enterprise extrusion under the multiple factor, are facing difficulties in production and management, capital chain rupture, into a debt crisis, on the verge of bankruptcy, the creditor may apply for bankruptcy of the debtor to protect their legitimate rights and interests. At the same time, the debtor may also through bankruptcy, find and creditor reconciliation and reorganization opportunity, strive to continue operating out of financial distress, implementation stage a comeback.

　　In this case, wugudaochang company cannot pay their debts, to continue operating. Bankruptcy reorganization after the smooth resumption of production, not only make the creditors to obtain more than five times the liquidation of bankruptcy liquidation, and invigorated the stock assets of enterprises, maintaining the wugudaochang company network, the company gained a new life.

　　The above software automatic translation content does not meet your needs?

　　Give me a message or call: +86 10 62530048