What is the legal basis of enterprise bankruptcy liquidation?

The legal basis for bankruptcy liquidation mainly includes the following two aspects:

1. Enterprise Bankruptcy Law of the People's Republic of China: This Law stipulates the procedures and provisions for enterprise bankruptcy, including bankruptcy application, bankruptcy property management, debt settlement and bankruptcy liquidation.

2. People's Republic of China (PRC) Company Law: This law stipulates the bankruptcy procedures and rules of the company, including bankruptcy application, bankruptcy property management, debt settlement and bankruptcy liquidation.

In bankruptcy liquidation, according to the provisions of the Enterprise Bankruptcy Law and the Company Law, the bankruptcy administrator will organize bankruptcy liquidation, including counting, evaluating and disposing of bankruptcy property, paying off debts, coordinating creditor's rights, and handling the property and responsibilities of bankruptcy applicants. At the same time, the bankruptcy law and the company law also stipulate relevant procedures and requirements, such as when creditors declare their claims and how to evaluate and dispose of bankruptcy property. To ensure the fairness, justice and legality of bankruptcy liquidation.