A couple in Dongying, Shandong province, have been conditionally exempted from 160 million yuan of debts

2022-05-13 0 By

Mention bankruptcy, many net friends first think of is the company, for personal bankruptcy, we still feel very strange – recently, in the closure of a case in Dongying, shandong province has become the first kind of personal bankruptcy reconciliation case, the case is shandong court to test the water of personal bankruptcy system of a “example”.On the morning of January 25, the Dongying District Court held a press conference on the pilot work of personal bankruptcy in 2021, focusing on the closure of the first settlement case of personal bankruptcy in the province.So what exactly is this case about?According to reports, on December 30, 2021, the Dongying District People’s Court of Dongying City decided to recognize Li and Ding “personal debt centralized cleaning program” and end the centralized cleaning process of personal debt.This is the first personal debt liquidation case concluded since dongying District Court started the personal debt liquidation procedure with the function of personal bankruptcy. It is the first personal bankruptcy settlement case in Shandong Province.According to the clearing plan, in addition to the exempted property, the existing property, vehicles and other cash processing to pay off debts, the exemption investigation period is 5 years, during the exemption investigation period to pay off debts, a total of 1.6 million yuan, 80% of the income over 1.6 million yuan to pay off debts, 20% of their own retention.After the debt clearing program is completed, Li mou, Ding Mou bear 160 million yuan debt exemption, start a new life.Submit personal bankruptcy application husband and wife hope to obtain bankruptcy protection debtor Li mou, Ding Mou is husband and wife relationship, used to be the shareholder and actual controller of Shandong Dehong Petroleum Equipment Co., LTD., Shandong Wanbang Chemical Co., LTD.During operation, because capital turnover needs, guarantee more debt for the enterprise, debtor Li mou, Ding mou individual arrears and guarantee debt for two companies amount to 160 million yuan.The debtor, Surnamed Li, was detained by the Public Security Bureau of Fan County, Puyang City, Henan province in August 2016 on suspicion of criminal fraud, and was released at the end of 2019 without charge.During the criminal case involving Li, Shandong Dehong Petroleum Equipment Co., LTD., Shandong Wanbang Chemical Co., LTD., poor management, enterprise serious losses, loss of debt repayment ability, Shandong Dehong petroleum equipment Co., LTD., Shandong Wanbang chemical Co., Ltd. was ruled by the court to accept bankruptcy proceedings.Li mou acquitted after being released from prison, rely on odd jobs life, always want to stage a comeback, but bear heavy debt, difficult.In July 2021, Li mou, Ding Mou to the Dongying District court to submit personal bankruptcy application, hoping to obtain bankruptcy protection.After the court accepted, strictly in accordance with the matter of review, post-review principle, the debtor Li, Ding personal bankruptcy application materials, near relatives property, expected income, social evaluation and other comprehensive investigation.The debtor actively cooperated and signed the letter of commitment.The administrator performs his duties in accordance with the law and comprehensively investigates the property status of the debtor and his close relatives.Debtor’s close relatives also actively cooperate, debtor Li’s parents are in, Li’s father 80 years old, 75 years old mother, three sisters.Ding’s parents are in Ding, ding’s father 81 years old, his mother 80 years old, three sisters, Ding has retired, pension frozen.Li mou, Ding Mou has a daughter, 27 one full year of life, unemployed at home.Obtain the understanding high vote through the debt clearing plan comprehensive debtor Li mou, ding mou’s property status, family status, expected income and other circumstances, under the guidance of the court, the administrator, the debtor to formulate the “personal debt concentration clearing plan”.At first, the debtor began to have no confidence in the debt repayment plan. Li thought that although he had technology and ability, but the financing ability was limited, and he was “confident” about whether he could fulfill the debt repayment plan within 5 years.After repeated ideological struggle, Li mou thinks life can not sink at this point, still want to struggle once.Under the guidance of the court, the administrator, debtor and creditor revised the Personal Debt Centralized Liquidation Plan through multi-party and multi-round communication and coordination.December 29, 2021, the second creditors’ meeting, according to the requirements, the debtor shall be subject to the creditors to the inquiry, but on the evening of December 28, li mou father seriously ill in hospital, li mou all night, being accompanied by care, li mou, 29 morning after being persuaded his family still arrived at the scene of the meeting, creditors apologized to you,He promised on the spot to overcome various difficulties and repay the debt according to the plan, which won the understanding of all creditors. The creditors’ meeting passed the “Plan for centralized liquidation of personal debts” with a high vote.The Plan for centralized Liquidation of Personal Debts includes the realization of property, exemption of property, liquidation and repayment of debts, investigation period for exemption of liability, and credit repair, etc. In addition to the realization of existing property, 80% of the expected income of the debtor can be used for repayment of debts, and 20% of the expected income of the debtor can be retained by the debtor. The plan fully considers the protection of the legitimate rights and interests of creditors.Since the date when the court approves the Plan for Centralized Liquidation of Personal Debts, it shall be supervised and implemented by the administrator, and creditors may supervise the debtor throughout the whole process.According to introducing, li mou, being personal bankruptcy trial is successful, marked the personal bankruptcy protection preliminary acceptance by the society, “honest and unfortunate” encourage debtors can get social tolerance, the expiry of the right of investigation, after get the court ruled that under complex, the debtor can obtain social financing, make full use of their own ability, director of the continue to business, can make a comeback.The original title: shandong’s first class personal bankruptcy settlement case settled For personal bankruptcy system of “testing the waters” dongying a $160 million debt of husband and wife won the “conditional” exempt from duty director: plateau statement: this article, all peer originator if there are sources of errors or infringe upon the lawful rights and interests of you, you can through the mail or WeChat contact us, we will be handled in a timely manner.Email address: jpbl@jp.jiupainews.com;Wechat id: Jiupai6688 (Note to add and withdraw)