Enterprise Bankrupt Legal Person Missing Running Court Auctions Enterprise Assets To Pay Compensation For Employees

Company bankrupt legal person missing court auction assets to employees 7 million compensation

The picture shows the scene of compensation payment.

The picture shows the scene of compensation payment.

In August 2013, two of Nanjing

Suddenly stop production, the legal person abandons the enterprise to escape the debt, whereabouts is unknown, more than 500 workers are unemployed, owe wages.

In January 22, 2015, the people's Court of Liuhe District of Nanjing City paid some of the assets of the realized enterprises first to pay the economic compensation for the workers, and nearly 7 million yuan was paid on the spot.

Workers have said that it will take a good year to get the compensation.

It is understood that these workers have not received a penny for a year and a half after their bankruptcy.

Zhang Qun, director of the Executive Office of Nanjing Liuhe district court, introduced Nanjing.

The limited company (hereinafter referred to as the long Mao company) and Nanjing Hui Teri Clothing Co., Ltd. (hereinafter referred to as the company of Liuhe) is a large private enterprise in Cheng Qiao street of the district.

In August 2013, the two companies suddenly broke down due to the broken capital chain. The two legal representatives, Xiong Gongwei and Xiong Gongyi, were suspected of abandoning their enterprises to escape debts and whereabouts were unknown. More than 500 employees of the two companies were excited by unemployment and wage arrears. They went to the district government to petition for protection.

The court immediately took measures to protect assets of enterprises, such as inquiries and freezing, so as to create conditions for the next stage of implementation.

At the same time, the local government actively raised some funds to advance workers' wages first, and the workers determined the amount of economic compensation through arbitration procedures.

In September 2013, more than 400 workers reached mediation agreements through labor arbitration procedures.

Since then, the workers have applied for enforcement in accordance with the contents of the conciliation agreement to the Liuhe court.

According to the application of creditors, the court of Liuhe accepted the bankruptcy liquidation case of the company in December 3, 2013 and accepted the bankruptcy liquidation case of the company in September 26, 2014.

During the trial, the court of Liuhe found that the legal representatives of the two companies were fraternal ties, and there were two companies between shareholders and the company's legal representatives, directors, supervisors and senior executives. They overlap each other, staff overlap, business premises overlap, company business and assets mix up, and have mutual guarantees. They are affiliated enterprises, so they are bankrupt and liquidated for the merger of the two companies.

Subsequently, the court began to deal with some assets seized and frozen, and realized the maximization of asset realisation value through Taobao network auction.

Zhang Qun said that considering the long duration of bankruptcy cases and the fact that assets are being realised, they have not yet entered the stage of property allocation, but the workers' economic compensation has not been fulfilled in time and will affect them.

The court of Liuhe has, after coordination, decided to pay some of the assets that have already been realised, giving priority to the economic compensation for workers.

"We released the tickets ahead of time, hoping that the workers can enjoy the Spring Festival."

On the morning of that morning, the Liuhe Court went to the Cheng Qiao Industrial Park, where the enterprise was located, and checked the number and amount of the 500 odd workers.

Zhu Huaming, a worker waiting at the scene, said that he had worked in the enterprise for 9 years, and there were about more than 30 thousand compensation. "We have been waiting for this compensation for a long time, and we are very happy before the new year. Thank you very much for the court staff who have done our best for this year."