The obligations of the Representative Director of Corporate Bankruptcy shall beThe obligations of the Representative Director of Corporate Bankruptcy shall beCorporate bankruptcy refers to the liquidation of debts between stakeholders through bankruptcy procedures when a company is in a state of insolvency due to excessive debt. I thought it would be good to see it as a process of converting corporate assets after confirming creditors’ rights through bond investigation procedures under the supervision of the court and distributing the converted amount based on the priority of the rights and the amount of bonds.Companies that were in danger of being insolvent due to excessive debt, such as suspension of payments or overdrafts, and companies that were in danger of being insolvent due to higher debt than assets, and companies that were unable to carry out the plan, were able to receive relief through this process.In addition, in the case of creditors, some of the bonds that were not received through corporate bankruptcy can be distributed, which can be less than the compulsory execution procedure if it is carried out with a lawyer. In the case of customers, income tax and value-added tax could be reduced through amortization of sales bonds. Companies that went through this process also had the advantage of being free from legal responsibility based on the Unfair Check Control Act and various civil and criminal lawsuits.Even if the company faced financial crisis, the representative director, the actual owner of the company, was not responsible in principle for the company’s debt. Therefore, he said it would be more beneficial to proceed with the corporate bankruptcy process and proceed with the liquidation without corporate employees and assets. Through the process, we were able to escape responsibility for violating the Unfair Check Control Act, and it was possible to prevent criminal proceedings and civil proceedings from becoming a case.In addition, they were able to receive tax breaks and reduce the other party’s taxes. It is possible to distribute and repay corporate assets fairly, and it is possible to pay a premium for unpaid retirement or wages. In addition, it would have been more advantageous to know this because it would have been more advantageous to apply for bankruptcy and immunity procedures for individual representative directors with lawyers.In particular, the CEO’s responsibility for violating the Labor Standards Act could also be eased and reduced as it allows workers to be paid some of their wages, retirement allowances, and small allowances. So I explained that both are profitable. In the case of corporate bankruptcy, both for-profit and non-profit corporations, such as companies, could file for both non-payment and non-payment conditions in which all of their debts could not be repaid, or where debts exceeded assets.Let’s take a look at the case. Mr. A was running the company, but after the Corona disaster, it became very difficult to enter and exit goods, resulting in a sharp drop in company sales. I tried to reduce the number of employees and borrow money to run the company, but I eventually decided to close the business due to the continued economic downturn. Mr. A paid the wages of the remaining employees by spending his private expenses, but the debt he borrowed to maintain the company was put in a difficult situation to settle.Mr. A’s company had to go through corporate bankruptcy procedures in an insolvency state due to excessive debt, and Mr. A met his agent to get help. The agent submitted A’s company’s sales and profit and loss statements as data over the past few years, making a prima facie showing that sales have plummeted. In addition, it is meaningless for Mr. A’s company to operate more businesses due to the prolonged Corona crisis as there are no recent orders from the company because it is difficult to generate sales anymore I made it clear.Let’s take a look at the case. Mr. A was running the company, but after the Corona disaster, it became very difficult to enter and exit goods, resulting in a sharp drop in company sales. I tried to reduce the number of employees and borrow money to run the company, but I eventually decided to close the business due to the continued economic downturn. Mr. A paid the wages of the remaining employees by spending his private expenses, but the debt he borrowed to maintain the company was put in a difficult situation to settle.Mr. A’s company had to go through corporate bankruptcy procedures in an insolvency state due to excessive debt, and Mr. A met his agent to get help. The agent submitted A’s company’s sales and profit and loss statements as data over the past few years, making a prima facie showing that sales have plummeted. In addition, it is meaningless for Mr. A’s company to operate more businesses due to the prolonged Corona crisis as there are no recent orders from the company because it is difficult to generate sales anymore I made it clear.Previous image Next imagePrevious image Next imageHere’s the previous image. Here’s the next oneHere’s the previous image. Here’s the next oneHere’s the previous image. Here’s the next one
