Bankruptcy Liquidation Project of Nanjing Guorui Polar Bear Environmental Energy Co. Ltd.

The company is an important high-tech enterprise funded and established by Glarun Group Co. Ltd. as a major shareholder.  It is a member unit of the China Renewable Energy Society.  However, the capital chain was broken with heavy debt and the company suddenly shut down after 2016.  The case was managed by the staff of our team, with a huge number of main debts and nearly 300 types of creditors, involving buyers, sellers, contractors, financial institutions, etc.  The creditors were emotionally charged and difficult to manage.  The administrator paid attention to coordinating and communicating with the creditors while carefully examining the huge creditor’s rights, and disclosed the bankruptcy liquidation process on time.  This has stabilized the emotions of the creditors and safeguarded their right to know, thus maintaining social stability in the local area.