Wenzhou province higher court says enterprises operating difficulties can apply for a judicial restructuring

Industry faces business difficulties can apply for a judicial restructuring of the Guangdong higher court released yesterday reports that judicial restructuring program to dangerous stranded enterprise in to save and promote the transformation and upgrade of Zhang Xingping-correspondents Wang Huawei reporter chenyang roots in Wenzhou City intermediate people's Court of the second Court President Ju Haiting yesterday morning's speech drew extraordinary attention.　　According to Wenzhou about sector does not full statistics, this year Wenzhou due to funds chain fracture led Enterprise main running away of enterprise has 42 home, which August and September on has has 29 home Enterprise collapsed or business owners concentrated running away, produced has larger of social negative effect. some scale, and output, and visibility larger and employees more of enterprise due to funds chain fracture, causes successively collapsed, as longwan Jiangnan leather, and dongtou Olympics m, and Yueqing days stone, enterprise involved employees are in Shang hundred even thousands of people. It is understood that since its introduction in 2007, Wenzhou City, two-stage court bankruptcy case 17, 2010 to receive 6, 20
11 accept 8. Ju Haiting said from Wenzhou currently facing economic and financial situation, bankruptcy cases will certainly increase in the future, require judicial reorganization cases will increase.　　On October 20, has downtime 24 days of Wenzhou Nobuyasu group reopened. Ju Haiting think Tai group although it is not done through the judicial process, but it does for Wenzhou enterprises to resolve the current difficulties faced by judicial restructuring provides a good reference.　　Ju Haiting focus of Wenzhou local court against the current economic and financial situation and the difficulties faced by enterprises of the judicial response. in addition, the court assistance cases involving Enterprise Bank debt disposal, as far as possible to help protect small and medium enterprises tide over, avoiding activities increased their funding strand breaks due to litigation risks, not promising the difficulties resulting from the closure of proceedings. Enterprises operating difficulties can apply for a judicial restructuring of provincial high people's Court yesterday reported, judicial reorganization procedures is to pull
Save critical trapped enterprises and promote the transformation and upgrade-reporter Zhang Xingping Wang Huawei reporter Chen Yanggen Wenzhou Nobuyasu group was mentioned again yesterday, but this time it was as a small number of SMEs in the province Prada Handbags Replica this year closed and individual business owners running away after the event, successful restructuring and newly started enterprises, Wenzhou enterprises through reorganization of the judiciary to resolve the current difficulties there is a typical example of reference.　　Yesterday, the Guangdong higher court publications, and invited to court officials in Hangzhou, Shaoxing, Wenzhou Prada Handbags Replica three judicial restructuring local enterprises work on it. Hangzhou "spill Jia Xiang" 2008 in deep funding strand crisis, creditors founded the creditor group, itself experienced two years of debt-equity swap, the factory after the failure of complex industry, restructure, July 2010, had to go into the judicial bankruptcy reorganization, audit the debt reached 1.397 billion. intermediate Prada Handbags Replica people's Court in Hangzhou, under the guidance of "debt being paid by stock" of bankruptcy and reorganization by the creditors meeting to vote on the draft-pass
. At present, the restructuring plans in the process of being implemented, enterprise's main businesses are returning and to stabilize the operation, major marketing network for the Yangtze River Delta market Prada Handbags Replica effective consolidation, more than 230 employees work.　　At yesterday's press conference, the Guangdong higher court has also published ten typical case of Zhejiang enterprises reforming of justice. Zhang Hengzhu said, for enterprise funds chain fracture raises large disputes of status, October 2008, province high homes on had issued, and has specifies related intermediate court Prada Handbags Replica concentrated jurisdiction leap group, and river Dragon holding, and aspect group, Enterprise debt of major case, and determines has "unified accepted, and unified trial and unified implementation" of concentrated jurisdiction case work mechanism. so far, province high homes has has specifies related intermediate court concentrated jurisdiction 32 home local industry leading enterprise Prada Handbags Replica or focus enterprise of debt disputes series case,　　Cases involved more than 3,000 exhibits, there are 17 enterprises assets restructuring made significant progress. Zhejiang Court
Corporate restructuring cases heard good legal effects and social effects.　　The Guangdong higher court II President Zhang Hengzhu said, as at September this year, the province's courts handled 34 pieces of applicable judicial reorganization cases. 2007 year accepted 1, 2008 to receive 2 2009 accept 16, 2010 to receive 8, 2011 from 1 September to receive 7.　　Recently, PuTuo Zhoushan Court accepted the Wei Au series of the company and its two associated companies judicial reorganization and Zhejiang hengyu shipbuilding company and its three associated companies series judicial reorganization case; court accepted the Tang Ying in Fenghua, Ningbo clothes, kaisen cable bankruptcy liquidation case and judicial restructuring. "Foreign enterprises in crisis a top priority is to file for bankruptcy protection, individual boss why think only in the province ‘ exodus ’"? Zhang Hengzhu analysis, this especially with the current social enterprise managers on judicial