A paperboard factory in East China merged with a company to complete bankruptcy and reorganization, with a total debt of 100 million yuan.

The court ruled that Shandong Mube Printing and Hongrui Laser Technology merged into bankruptcy and reorganization

On July 17, 2018, Feixian County Court ruled to accept the bankruptcy liquidation case of Shandong Hongrui Laser Technology Co., Ltd. according to the application of Shandong Hongrui Laser Technology Co., Ltd., and decided to accept the application according to the application of Linyi City Mubei Printing and Packaging Co., Ltd. Linyi City Mubei Printing and Packaging Co., Ltd. bankruptcy reorganization case, and on the same day designated Linyi Mingcheng Enterprise Clearing Office Co., Ltd. as the bankruptcy administrator of the above two companies.

Due to the mixed personality of Shandong Hongrui Laser Technology Co., Ltd. and Linyi City Mubei Printing and Packaging Co., Ltd., Feixian County Court decided to accept Shandong on September 27, 2018 according to the application of the administrator Linyi Mingcheng Enterprise Liquidation Office Co., Ltd. Hongrui Laser Technology Co., Ltd. and Linyi City Mubei Printing and Packaging Co., Ltd. merged into bankruptcy and reorganization.

The manager cleans up the bankrupt enterprise and determines that the creditor’s declared credit amount is up to 100 million.

The administrator cleaned up the bankrupt enterprise and determined that the creditor’s declared credit amount was 105,673,172.17 yuan. After review, the mortgage effective creditor’s rights were 661,198.75 yuan, the ordinary creditor’s rights were 95,623,299.88 yuan, the pending creditor’s rights were 60,6810.00 yuan, and the creditor’s rights were not recognized as 452,469.00 yuan.

On November 1, 2018, the Feixian County Court organized a meeting of creditors of Shandong Linyi City Mubei Printing and Packaging Co., Ltd. and Shandong Hongrui Laser Technology Co., Ltd., and finally passed and determined the debtor’s property management plan and the debtor’s business. Program.

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