Shandong Linyi Mubei Printing and Packaging Co., Ltd. is one of the largest packaging printing companies in the region. However, it is surprising that this company has been bankrupted and restructured in recent days. According to statistics, the company and other companies have a total debt of over 100 million. However, it is worth noting that bankruptcy reorganization does not mean bankruptcy, but refers to the ability to get rid of financial difficulties and resume business after conducting business restructuring and debt adjustment. Therefore, this bankruptcy reorganization is more like a choice to get rid of the burden and re-start. A packaging and printing plant went bankrupt and restructured, and it was in debt with another company. On July 17, 2018, the Feixian County Court ruled that the bankruptcy reorganization of Linyi City Mubei Printing and Packaging Co., Ltd. and the bankruptcy liquidation case of Shandong Hongrui Laser Technology Co., Ltd. were accepted, and Linyi Mingcheng Enterprise Clearing Office was appointed on the same day. Acted as the bankruptcy administrator of the two companies. Because of the mixed personality of the two corporate legal persons (China Good Packaging Network Note: Personality conflation refers to the fact that the assets of the shareholders and the company are not divided, the personnel are crossed, the business is the same, and the third person who deals with it cannot distinguish whether it is dealing with the shareholders or the company. According to the application of the bankruptcy administrator, the Feixian County Court ruled on September 27 that the two companies were merged and reorganized. Through the liquidation of the bankrupt enterprise, the bankruptcy administrator 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. According to public information, Linyi City Mubei Printing and Packaging Co., Ltd. was formerly known as Feixian Zhongshan Printing Factory. It was founded in 1989 and moved to a new location in 2002. In 2006, it was officially renamed as “Linyi City Mubei Printing and Packaging Co., Ltd.†The scope includes the production and sales of cardboard, carton, and printing of packaging and decoration. It is the leading enterprise in the printing and packaging industry in Feixian County. Going down, will finally usher in the development of spring In fact, there have been many incidents in the paper packaging industry chain in recent years. In June this year, the Hezhou Intermediate People's Court ruled that the case of the bankruptcy liquidation of Guangxi Heda Paper Co., Ltd. was accepted. In March, the People's Court of Erqi District of Zhengzhou City held the bankruptcy liquidation case of Henan People's Printing and Packaging Co., Ltd. Looking forward, Lifeng Accor Group Shenzhen Company closed the door, Shenzhen Nanhu Printing closed down, employees closed roads, rights, Chengdu Wu Niu Group bosses running, Shanghai Litian packaging color printing bankrupt... Although the real reason for its bankruptcy, outsiders Hard to understand. But in general, there are four reasons for the bankruptcy of packaging and printing companies: 1. Blind expansion, triggering a capital chain crisis; 2, vicious low price competition, leading to the break of the capital chain; 3. The market deteriorates, the production cost keeps rising, the products are homogenized, the management is extensive, and the operation is difficult; 4. The leaders of the company are crazy and profit-seeking, disregarding the law of market economy development and lacking a long-term strategic vision. In the context of the new economic normal, the survival of the fittest and the reshuffle will be the development trend of all walks of life. Especially this year, the Sino-US trade war opened fire, and the survival situation of packaging and printing enterprises is even more difficult. The heads of many small and medium-sized enterprises are also holding the mentality of "going down" and "going past" and looking forward to welcoming the spring of the industry. Therefore, it is conceivable that Shandong Linyi City Mubei Printing and Packaging Co., Ltd. is sure to encounter great "trouble", which led to the financial crisis. But it is not willing to be in such a situation, but hopes to get rid of the crisis and re-development. Because bankruptcy reorganization is not a bankruptcy. It refers to the business restructuring and debt adjustment of the enterprises that may or may have bankruptcy reasons but have the hope of maintaining value and revitalization, through the application of all stakeholders, with the participation of the court and the participation of the stakeholders. To help the debtor get rid of financial difficulties and restore the ability to operate the legal system. Therefore, for the Linyi Printing and Packaging Co., Ltd. in Linyi City, Shandong Province, bankruptcy reorganization is more like a choice to get rid of the burden and re-start. Here, the author sincerely wishes that Shandong Linyi City Mubei Printing and Packaging Co., Ltd. can phoenix Nirvana and start again! Editor in charge: Zheng This article is posted on the website for the purpose of transmitting more information and does not imply endorsement of its views or confirmation of its description. Article source address: http:// Hotel Furniture Series,Night Table Parts,Dressing Table Parts,Lounge Chair Parts SHENZHEN CHANGJIANG FURNITURE CO., LTD , https://www.findcjf.com