The Case Study Of Grafting Advantages To Brakthrough Dilemma In The Bankruptcy Restructuring Of Shuntianchuanbo

Since the 20th century,the world economy has achieved rapid development.A large number of enterprises have emerged at the historic moment and made important contributions to the diversification of the economy.However,due to the fierce external competition environment,internal business management misconduct,decision-making mistakes and other factors,some companies face financial difficulties,and even go bankrupt.In order to deal with this problem,the research of the bankruptcy system in various countries has risen and deepened.The bankruptcy and reorganization procedure is a new procedure in China's new bankruptcy law.It updates the structure and concept of the original bankruptcy law,making it possible for distressed companies to have a channel of rebirth and revival on the premise of paying off debt as much as possible.In the practice of bankruptcy and reorganization of listed companies in China,there are many problems to face.In addition to meeting the interests of creditors,the reorganization plan must also meet the interests of shareholders,employees,and other stakeholders.Besides,part of the reorganization activity also needs to consider the introduction of the reorganization party and the removal of backward production capacity.However,due to the limited resources and capabilities of the bankrupt companies,they are often unable to handle the above problems.Therefore,how to solve the issue of low-quality asset stripping,debt liquidation,and asset injection in the bankruptcy and reorganization of listed companies has always been the focus in the theoretical and practical sectors.On the basis of combing the research status and theory basis,the paper takes the bankruptcy reorganization case of Shuntianchuanbo as the research object.After introducing the background and motivation of the bankruptcy and reorganization of Shuntianchuanbo,it explores how group shareholders play its own advantages to help Shuntianchuanbo overcome difficulties,complete bankruptcy and recapitalization as well as keep "shell" resources smoothly in the three stages of asset disposal,debt reorganization,and asset reorganization during the bankruptcy and reorganization procedures faeing insolvency and financial desperation.Through the case analysis of this paper,we found that in order to complete the bankruptcy and reorganization and major asset reorganization in a relatively short period of time,group resources and political resources are the core elements to overcome the difficulties of each link.After the subordinate company entering into bankruptcy and restructuring,the group should use its own comprehensive strength advantages and industrial resource advantages to help subordinate companies get out of difficulty and strive for government support as much as possible in the process of restructuring and reorganization.