1 thought on “How did the son -in -law jewelry closed down?”

  1. The decline in the revenue of Nuwa jewelry has expanded.
    The company's declaration of bankruptcy needs to meet two conditions at the same time: 1. The company cannot settle debts. Unable to settle the objective property status that the debtor cannot repay due to losing ability; 2. The company's assets are not offset or obviously lacking the ability to clear the repayment. The so -called non -debt refers to the debt of the debtor's debt than the actual asset.
    The "Enterprise Bankruptcy Law" Article 2 of the corporate legal person cannot claim the debt due, and if the asset is not enough to pay all debts or lacks the ability to clear the claim, the debt is cleared in accordance with the provisions of this Law. If the corporate legal person has the preceding paragraph, or it may be obviously losing the ability to settle, it can be reorganized in accordance with the provisions of this Law.

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