Evergrande has long been insolvent and continues to have 1 million Evergrande commercial bills in ha

Mondo Finance Updated on 2024-02-16

**10,000 Fans Incentive Plan

This is really a heart-wrenching story, Xu Jiayin, the founder of Evergrande, has entered, and there are still many people dreaming that Evergrande can cash in the commercial tickets in their hands?

First of all, let's talk about the Evergrande commercial ticket released by Evergrande before. Evergrande commercial bills are issued by Evergrande Group and have the brand guarantee of Evergrande Group, so investors can invest with confidence. In addition, commercial bills also have the guarantee of capital security, and investors' funds can be effectively protected. Therefore, commercial bills reflect Evergrande's credit status to a certain extent, and play a positive role in maintaining corporate reputation and stable cooperative relations.

However, the current situation is that Evergrande Group is insolvent, and even the founder Xu Jia Printing has entered. So what can users who hold Evergrande commercial bills do?

From the normal business logic, if the commercial bill is refused to pay after expiration, the bearer can protect its rights through legal channels. This includes, but is not limited to, negotiation, mediation, arbitration, or litigation. In the course of the litigation, the bearer may need to provide relevant evidence, write a complaint and a reply, etc., and can choose a professional legal service organization for guidance and assistance.

If Evergrande Group goes bankrupt, whether the holder of Evergrande commercial bills can be compensated, as well as the amount and method of compensation, will depend on the procedure and outcome of the bankruptcy liquidation.

In bankruptcy liquidation, the assets of the business will be sold to pay off debts. The priority of compensation is usually in the order of priority for repayment of debts as prescribed by law. Generally speaking, commercial bills are not the first priority in the order of priority for debt repayment, which means that in the process of bankruptcy liquidation, the holder of commercial bills may need to wait for other creditors with higher priority to be paid before they may be compensated.

Recently, a netizen complained to Chun Gongzi. said that when he was working on the project a few years ago, he held Evergrande commercial bills worth 800,000 yuan. When he saw Evergrande's current situation, he expressed his sadness and helplessness. Because his family's current debt is as high as more than 300,000 yuan.

In fact, in the face of such a problem, Chun Gongzi does not have any good suggestions. Evergrande Group is currently in bankruptcy and may not be able to fully cash in the commercial bills it holds. It's a painful truth, but running away from or denying it only complicates the situation.

Although Evergrande's commercial bill may not be cashed in full, this friend still has the right to participate in the bankruptcy proceedings and declare the creditor's rights. Understand the specific steps and requirements of the bankruptcy process and ensure that the necessary documents and evidence are submitted in a timely manner to protect your rights and interests to the greatest extent.

The bankruptcy of Evergrande, the once glorious real estate giant, not only dealt a devastating blow to the company itself, but also triggered a "bank, business, and home buyers, all of whom are closely connected with Evergrande, are now mired in it and facing unprecedented challenges."

For home buyers, Evergrande's bankruptcy means that their rights and interests may be compromised. Some homebuyers have already paid for their homes but have not yet received delivery of their homes. Evergrande's bankruptcy could put these homebuyers at risk of not being able to repossess their homes, and their hard-earned money could be wiped out.

How so? When a person gets older, what he didn't believe in before often comes. As we say as the old saying goes, do your best, obey the destiny of God!

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