Fake Bankruptcy Amplifies Industry'S Difficult Reality

Recently, the collapse of a business in Hangzhou has revealed the truth of the collapse of the service industry at another level.

This example shows that some "false closures" are amplifying the difficult realities of the industry in the current wave of collapse of textile enterprises that are causing panic.

This is a clothing company founded nearly two years. It declared that it failed in September. It has nothing special. It is a normal business behavior when it is settled at the end of the current industrial situation.

However, due to the registration of several new clothing companies in the name of their elder sister and father, and the pfer of assets to the new company, the subsequent bankruptcy of the company was full of criticism.

In fact, fundamentally, the bankrupt enterprise was suspected of commercial fraud and malicious debt avoidance. Through the pfer of assets and the announcement of the failure of the pferred assets, the money owed to the supplier, the money of the bank, the wages of the workers, and even the tax evasion were also "sold".

Although the enterprise is doing this, it is to save "hundreds of thousands of Yuan" cost.

However, when the global financial crisis becomes more and more intense, the "false bankruptcy" behavior of this kind of malicious debt avoidance has a huge negative impact on the industry. It has deepened people's panic about the reality of corporate bankruptcy, and increased the risk of the development of the entire industry, and cited the debt crisis in the industry.

In the past year, the industry has entered the peak of debt clearing. China's textile and garment enterprises have entered the most frequent and frequent debt disputes in the past year, which is the most frequent period of business failures in the past year.

Under the influence of the global financial crisis, the capital turnover difficulties of enterprises are increasing, and the debt repayment ability of enterprises is generally weakened. At this time, more debt disputes will happen than usual, and the "false bankruptcy" behavior of malicious debt avoidance.

Deng Tao, NANCYK brand manager, told reporters that at this time of year, malicious debt avoidance among enterprises will increase, and this year's situation may be worse. "Now, the desire for money is very strong. In the civil sector, if you only give 5 profit, you basically can not borrow money.

In addition, the threshold of registered companies has been very low. During this period, enterprises use "false bankruptcy" to avoid debt.

In fact, this behavior is directly proportional to the normal bankruptcy behavior, because the normal bankruptcy behavior has also increased.

Deng Tao said that the current market situation, it is very difficult for enterprises to survive, and those companies that are in debt are often forced to do so. "Usually, people who can really do this will not be new people. Those who apply for bankruptcy and avoid debts must have a fairly long trade background, so that suppliers will give credit to him, and banks will be able to lend him loans, so that employees will willingly accept the situation of arrears of wages for several months.

Such a person will not be able to make a "false bankruptcy" or a more malicious direct spanking away.

Because it is at the cost of destroying its accumulated credibility for so many years. "

Unlike those companies that are beginning to take risks when faced with real pressure, some "repeat offenders" frequently fail in the overall industrial situation and exacerbate the difficulties of the industry at the moment.

In Dongguan, Guangdong, China's important clothing, woolen textile products and shoemaking bases, some Swindlers Company, which used to play the role of "bankruptcy" in the past, are in the difficult reality of the current market shrinkage. It seems that the enterprises are in urgent need of clearing up the mentality of inventory and returning funds, and seem to have started more frequent fraudulent practices.

Most of these enterprises are from other countries, and are registered in a village in Dongguan. Most of them do not even have business licenses, so they pfer more quickly.

These people deceive those enterprises who are anxious to return the funds, and when they arrive, they will disappear in a certain period of time. After a period of time, a newly renamed enterprise controlled by these people suddenly appears in the industry.

Generally speaking, these Swindlers Company's fraudulent practices were first made in cash, and large scale credit behavior began to emerge at the same time that suppliers' trust was won.

And when the goods or even some of the funds come to hand, they will disappear immediately, leaving the outstanding loans and staff salaries.

According to people familiar with the matter, the activities of these Swindlers Company under the current industrial situation are more frequent, and they are almost all companies without legal procedures. "Because China's bankruptcy law is different from western countries, enterprises still have to repay certain debts after bankruptcy.

Therefore, it is very difficult for legitimate companies to act as quickly as they do.

At the same time, there were almost no simultaneous exit from the mainland's business failures.

However, after in-depth understanding, especially the massive withdrawal rumors of Hong Kong capital, it is debatable.

In Guangdong, Fujian and other places, a basic reality is that there are a large number of fake foreign-funded enterprises in the region. By registering an enterprise in Hongkong and other places, they can seek preferential policies for investment in China, such as more preferential policies and lower tax preferences.

These enterprises are doing normal production in China for some time.

However, when the financial crisis is coming, these fake foreign funded enterprises do not have the ability to resist risks and the competitive market channels of real foreign-funded enterprises.

The external explanation is to pfer enterprises to Southeast Asia or cheaper labor areas.

Deng Tao said: "the land of these enterprises is assigned to them by the state. They pfer, cause panic, and ultimately damage the country."

Analysts say that many of the fake foreign-funded enterprises are speculative companies. After obtaining preferential policies, they quickly want to make profits, and their foundation is not firm. Therefore, bankruptcy is easier.

And after a certain period of closure, they may reappear. In this way, the information they convey to the whole industry and market is that the attractiveness of China's clothing industry is declining. At present, Chinese clothing enterprises are hard to survive.

In fact, the pfer of foreign capital is a major event that will hurt the bones and bones. They will not carry out industrial pfer until the last resort, because the loss of their original assets, including equipment assets, is enormous after the pfer.

Therefore, they are very cautious about the pfer. At present, there is no so-called large-scale pfer phenomenon.

At present, China's textile and garment industry is entering a rare difficult period in recent years. However, during this difficult period, people always intentionally or unintentionally enlarge this difficulty. When a bad enterprise fails to apply for bankruptcy, the industry will pass on the wave of business failure more seriously, and when a fake foreign capital enterprise stops production, the news about the large-scale withdrawal of foreign capital has sprung up.

Although these situations are inconsistent with the real reality, there are deviations.

But the spread of panic still has a more negative effect on industrial development.

What is worse is that under the effect of panic, the fear of bad debts is affecting normal business enterprises, especially those with some difficulties in financing.

The enterprises that are still in operation may be under the "demonstration" of bad enterprises, and they will also be shaken by the action of panic.

In the current market situation, a group of enterprises apply for bankruptcy only to avoid debt.

Yang Jing: editor in charge