Zhongzhi Enterprise Group really does not speak of martial arts, and it is typical of being irresponsible to investors, and secretly applied to the court for bankruptcy liquidation.
According to the news released by The Paper, the court officially accepted the bankruptcy liquidation of Zhongzhi Enterprise Group. Today, the Beijing No. 1 Intermediate People's Court officially accepted the bankruptcy liquidation case of Zhongzhi Enterprise Group Co., Ltd. in accordance with the law. Specifically, the debtor, Zhongzhi Enterprise Group Co., Ltd., applied to the court for bankruptcy liquidation on the grounds that it could not pay off its debts due and its assets were insufficient to pay off all its debts, and it obviously lacked solvency. After review, the Beijing No. 1 Intermediate People's Court found that the application met the bankruptcy reasons stipulated in Article 2, Paragraph 1 of the Enterprise Bankruptcy Law of the People's Republic of China, and therefore ruled to accept the bankruptcy liquidation application of Zhongzhi Enterprise Group Company on January 5, 2024.
Seeing this news, it is estimated that the majority of investors who have purchased the wealth management products of the planting system are bound to cry and faint in the toilet. This Zhongzhi enterprise group really does not talk about martial arts at all, which is a typical irresponsibility to investors. Why?
First, Zhongzhi Enterprise Group has failed to truthfully disclose information on many occasions. As early as the first half of 2023, the wealth management products issued by wealth companies and trust companies, including Zhongrong Trust and Hengtian Wealth, have been overdue, and there has been a debt default. After not being able to hide it, he suddenly issued an open letter to investors on November 22, 2023, officially admitting insolvency. And the scale of this insolvency is very large. All of a sudden, investors were scared. It is estimated that many investors who bought Zhongzhi financial management at that time were shocked after seeing this open letter. It was officially announced that the thunderstorm was such a big thunder. Good guys, it has only been more than a month now, and Zhongzhi Enterprise Group has secretly applied to the court for bankruptcy liquidation. If it weren't for the news of the court's acceptance, it is estimated that many investors would still be in the dark. Therefore, Zhongzhi Enterprise Group really does not talk about martial arts. This is one of them.
Second, bankruptcy liquidation means that some people may want to absolve themselves of responsibility. If you look carefully at the announcement of this court, it is the debtor Zhongzhi Enterprise Group Co., Ltd. that applied to the court for bankruptcy liquidation on the grounds that it could not pay off its due debts, its assets were insufficient to pay off all its debts, and it obviously lacked solvency. This shows that this bankruptcy liquidation was proposed by Zhongzhi Enterprise Group itself. It was not brought up by the creditor. Then there's a problem here. Why did Zhongzhi Enterprise Group take the initiative to file for bankruptcy liquidation? None of the creditors had yet to do so. The debtor himself can't wait to file for bankruptcy liquidation. Why? Actually, the reason should be clear. It is that the debt resolution pressure of Zhongzhi Enterprise Group must be very great, and it is estimated that they will not be able to do it by themselves. Therefore, if you want to apply for bankruptcy liquidation as soon as possible, you can get rid of it as soon as possible. This is certainly the most practical idea of the people who are currently in charge of Zhongzhi Enterprise Group. This is the second one.
Third. If the bankruptcy liquidation is successful, the wealth management purchased by the investor will become an ordinary creditor's right. According to the bankruptcy law, it should be clear that if the enterprise is formally adjudicated for bankruptcy liquidation. Bankruptcy expenses and common benefit debts are the first to be paid off. These are expenses incurred after the company decides to go bankrupt, and these must be paid off first. The second is the salary and benefits that the company needs to pay for employees, such as wages and social security. 3. Taxes owed by the company. Fourth, it is the turn of ordinary creditor's rights. Therefore, if Zhongzhi Enterprise Group really goes to the link of bankruptcy liquidation. Then this is very unfavorable to investors who have purchased the planting financial products. At present, the current financial situation of Zhongzhi Enterprise Group is seriously insolvent. Can investors get their money back? Therefore, such a sudden application for bankruptcy liquidation by Zhongzhi Enterprise Group can be said to be the biggest irresponsibility to investors.