Bankruptcy Liquidation Project of Zhejiang Xianchao Packing Co. Ltd.

Established over 20 years ago, Xianchao Company had many investment projects and was an enterprise with significant local influence. Due to inefficiency in management and poor functioning, the company could not pay off its debts due, and upon the request of the debtor, the court accept its bankruptcy liquidation. However, since the company owned a lot of valuable assets, the court specifically appointed Hylands’ Wenzhou office as the administrator to deal with the situation. Relying on the experience and professional advantages, the Hylands team resolved the conflicts of interest between debtors and creditors by carefully managing the resources of various parties and channels. Hylands realized the maximum value for the company’s assets, improved the debt repayment rate, and the final decisions and arrangements were very well received by the court and all the parties concerned.