the sale of bankruptcy property

The sale of bankrupt property refers to the administrator in the claims investigation ended, with reference to the results of asset assessment , the sale of bankruptcy property at an appropriate price behavior.

Sale also corresponds to the auction. The auction has more stringent procedures, selling more flexible than the auction. Sale without going through the auction process , it can at any time, any place on the sale of bankruptcy property, there is no time and place restrictions and constraints. The price of the sale should be reasonable and reasonable. Generally, the market price should be sold at the market price. If there is no market price, the manager should sell at a price which the buyer thinks fit. The sale price is usually the valuation made by the manager when cleaning up the business property after the company declared bankruptcy. Although there are some objective assessment of the valuation, but after all, is the manager of the subjective assessment, and the actual selling price there are some differences, therefore, the sale of the price is generally not subject to regulatory restrictions on the pre-valuation. If some of the property in the bankruptcy property can not be sold at the price determined at the time of converting the bankruptcy property, the manager may sell it at a lower price. Individual bankruptcy property after several price cuts, still can not be sold, can not be hard to settle the debt in kind.

The way to sell is generally to buy the trust store, pay the store to sell or sell directly to the relevant units and individuals. The first two forms are generally used for the sale of daily necessities produced by enterprises. The latter form is mainly used for the price changes of means of production and other industrial raw materials. Moreover, the latter form is more common.

When the administrator sells the bankruptcy property, it must report to the people's court. When the people's court discovers that the sale proceeds from undermining the interests of the debtor and the creditor, the administrator may ask the administrator to stop selling the goods or change the methods of sale or prices.