Bankruptcy liquidation is a court insolvency wind-down — not the same as a solvent SAMR deregistration.
When a China enterprise bankruptcy case proceeds to liquidation, an administrator realises assets and distributes proceeds according to statutory priorities after claims adjudication. It differs from reorganisation (rescue) and from solvent company liquidation/deregistration outside bankruptcy. This wiki is bankruptcy liquidation. Reorganisation live URL is the rescue twin. Claims, secured creditors and employee claims explain distribution fights. Cross-border pages cover foreign angles.
4 questions before you choose the route.
This page identifies the right question and evidence. It does not determine the legal outcome on a reader’s facts.
Rescue viable or liquidate?
Fork.
ForkAcceptance and administrator appointed?
Case.
CaseClaims registered?
Claims related pages.
ClaimsDistribution priorities mapped?
Secured/employee.
PriorityWorking rule: Map the regulated role before marketing or launch in China.
The signal ledger.
These facts move the question beyond a label and into a product, money-flow and control analysis.
Bring a compact evidence docket—not a pitch deck.
Give a compliance team or counsel the operating facts that reveal the perimeter.
Questions people ask before they build.
Short answers for orientation. The right result can change with the service model and current rules.
Can liquidation convert to reorganisation?
Conversions can occur in practice under court process — counsel on timing.
Where is reorganisation?
Primary authorities
Reviewed sources support orientation, not a fact-specific assessment.