vtv2 trực tiếp bóng đá hôm nayVietnam: Distinguish between business dissolution and bankruptcy

1. Similarities between bankruptcy and dissolution

- All lead to vtv2 trực tiếp bóng đá hôm nay termination of vtv2 trực tiếp bóng đá hôm nay enterprise's existence.

- All seals and business registration certificates were revoked.

- Must fulfill all property obligations.

2. vtv2 trực tiếp bóng đá hôm nay difference between bankruptcy and vtv2 trực tiếp bóng đá hôm nay dissolution

2.1. vtv2 trực tiếp bóng đá hôm nay concept:

According to vtv2 trực tiếp bóng đá hôm naytrực tiếp bóng đá hôm:

- Bankruptcy is a situation in which an enterprise or cooperative loses its ability to pay and is declared bankrupt by a decision by vtv2 trực tiếp bóng đá hôm nay People's Court.

- Dissolution of an enterprise is vtv2 trực tiếp bóng đá hôm nay termination of its existence according to vtv2 trực tiếp bóng đá hôm nay will of vtv2 trực tiếp bóng đá hôm nay enterprise or a competent authority.

2.2. vtv2 trực tiếp bóng đá hôm nay cause

- An enterprise is recognized as bankrupt when it simultaneously satisfies two conditions:

+ vtv2 trực tiếp bóng đá hôm nay enterprise is unable to pay its debts, that is, vtv2 trực tiếp bóng đá hôm nay enterprise does not fulfill its debt payment obligation within 03 months from vtv2 trực tiếp bóng đá hôm nay payment due date.

+ vtv2 trực tiếp bóng đá hôm nay enterprise is declared bankrupt by vtv2 trực tiếp bóng đá hôm nay People's Court.

- Enterprises are dissolved in vtv2 trực tiếp bóng đá hôm nay following cases:

+ End of vtv2 trực tiếp bóng đá hôm nay operating term stated in vtv2 trực tiếp bóng đá hôm nay company charter without a decision to extend.

+ According to vtv2 trực tiếp bóng đá hôm nay decision of those who have vtv2 trực tiếp bóng đá hôm nay right to file a request to dissolve vtv2 trực tiếp bóng đá hôm nay enterprise.

+ vtv2 trực tiếp bóng đá hôm nay company no longer has vtv2 trực tiếp bóng đá hôm nay minimum number of members as prescribed for a period of 06 consecutive months without carrying out procedures for converting vtv2 trực tiếp bóng đá hôm nay business type.

+ Business registration certificate revoked.

2.3. vtv2 trực tiếp bóng đá hôm nay right to file a request

- Persons with vtv2 trực tiếp bóng đá hôm nay right to file a request to open bankruptcy proceedings include:

+ Private business owner;

+ Chairman of vtv2 trực tiếp bóng đá hôm nay Board of Directors of a joint stock company;

+ Chairman of vtv2 trực tiếp bóng đá hôm nay Board of members of a limited liability company with two or more members;

+ Owner of a one-member limited liability company

+ General partner of a partnership;

+ Unsecured creditors, partially secured creditors;

+ Employees, grassroots trade unions, and direct superior grassroots trade unions in places where grassroots trade unions have not yet been established;

+ Legal representative of vtv2 trực tiếp bóng đá hôm nay enterprise;

+ Shareholder or group of shareholders owning 20% or more of common shares for at least 6 consecutive months.

- Persons with vtv2 trực tiếp bóng đá hôm nay right to file a request for enterprise dissolution include:

+ Business owner for private enterprises;

+ General Meeting of Shareholders for joint stock companies;

+ Board of members and company owners for limited liability companies;

+ All general partners for a partnership company.

2.4. vtv2 trực tiếp bóng đá hôm nay procedures

- Bankruptcy is a type of judicial procedure decided by a competent Court after receiving a valid request.

- Dissolution is a type of administrative procedure carried out by a competent person in vtv2 trực tiếp bóng đá hôm nay enterprise working with vtv2 trực tiếp bóng đá hôm nay Business Registration Authority.

2.5. vtv2 trực tiếp bóng đá hôm nay order of payment of assets when vtv2 trực tiếp bóng đá hôm nay company goes bankrupt or dissolves

- Payment order when vtv2 trực tiếp bóng đá hôm nay company goes bankrupt:

+ Bankruptcy costs.

+ Salary arrears, severance pay, social insurance, health insurance for employees, and other benefits according to vtv2 trực tiếp bóng đá hôm nay labor contract and signed collective labor agreement.

+ Debts arising after opening bankruptcy procedures for vtv2 trực tiếp bóng đá hôm nay purpose of restoring vtv2 trực tiếp bóng đá hôm nay business activities of enterprises and cooperatives.

+ Financial obligations to vtv2 trực tiếp bóng đá hôm nay State; unsecured debt must be paid to creditors in vtv2 trực tiếp bóng đá hôm nay creditor list; vtv2 trực tiếp bóng đá hôm nay secured debt has not been paid because vtv2 trực tiếp bóng đá hôm nay value of vtv2 trực tiếp bóng đá hôm nay secured assets is not enough to pay vtv2 trực tiếp bóng đá hôm nay debt.

+ After paying all vtv2 trực tiếp bóng đá hôm nay above amounts, if there are still assets left, vtv2 trực tiếp bóng đá hôm nay remaining portion belongs to: vtv2 trực tiếp bóng đá hôm nay private business owner; owner of a single-member limited liability company; member of a limited liability company with two or more members; shareholder of a joint stock company; member of a partnership company.

+ If vtv2 trực tiếp bóng đá hôm nay asset value is not enough to pay, each subject in vtv2 trực tiếp bóng đá hôm nay same order of priority will be paid according to vtv2 trực tiếp bóng đá hôm nay percentage corresponding to vtv2 trực tiếp bóng đá hôm nay debt amount.

- Payment order when vtv2 trực tiếp bóng đá hôm nay company dissolves:

+ Salary debts, severance pay, social insurance according to vtv2 trực tiếp bóng đá hôm nay provisions of vtv2 trực tiếp bóng đá hôm nay law, and other benefits for employees according to vtv2 trực tiếp bóng đá hôm nay collective labor agreement and signed labor contract.

+ Tax debt.

+ Other debts.

+ After paying all debts and expenses, vtv2 trực tiếp bóng đá hôm nay remaining assets will be divided among vtv2 trực tiếp bóng đá hôm nay private enterprise owner, members, shareholders, or company owners according to vtv2 trực tiếp bóng đá hôm nay ratio of ownership of capital contributions and shares.

2.6. vtv2 trực tiếp bóng đá hôm nay legal consequences

- A bankrupt business can still continue to operate if someone buys vtv2 trực tiếp bóng đá hôm nay entire business (vtv2 trực tiếp bóng đá hôm nay business's name is not always erased, and its existence ceases).

- vtv2 trực tiếp bóng đá hôm nay enterprise's name is deleted from vtv2 trực tiếp bóng đá hôm nay business register, and its existence ceases.

Best regards!

Key word: bankruptcy | dissolution | in Vietnam | Vietnam | business |

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