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  Jia Yueting filed for bankruptcy reorganization, official statement: FF as soon as possible to achieve equity financing and IPO targets

  The news that Jia Yueting, the founder of FF, voluntarily applied for personal bankruptcy reorganization was confirmed that according to the plan, all FF shares and related income rights held by Jia Yueting were formally transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. In addition, the debt handling team told the media that so far, Jia Yueting has repaid more than 3 billion US dollars in debt, and the total outstanding debt is about 3.6 billion US dollars. If you subtract the secured debt that has been frozen for disposal of domestic assets and convertible shares, Jia Yueting's remaining net debt is about 2 billion US dollars. FaradayFuture released on October 14 th.

  Jia Yueting goes bankrupt 2019-10-15
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  Eventually go bankrupt! FF confirmed that Jia Yueting applied for bankruptcy reorganization in order to thoroughly solve the debt problem.

  According to relevant media reports on October 11, Jia Yueting, the future founder of Faraday, submitted the relevant documents on personal bankruptcy reorganization to the US court. According to the document, Jia Yueting will transfer all assets to creditors through a previous trust, which is controlled and managed by the creditors' committee and the trust trustee. Jia Yueting submitted bankruptcy restructuring to the United States, Jia Yueting himself and his domestic debt group did not explain the "bankruptcy restructuring." Faraday officially announced today that in order to thoroughly solve the personal domestic debt problem, Faraday Future founder and CPUO...

  Jia Yueting's personal bankruptcy and reorganization 2019-10-14
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  It is revealed that before Jia Yueting filed for bankruptcy, his monthly income was $93810, which is equivalent to that of an Audi.

  On October 14, Jia Yueting's debt handling team officially released relevant information about Jia Yueting's application for personal bankruptcy reorganization in the United States. according to its contents, Jia Yueting will set up a creditor trust and transfer all assets in the United States to creditors. As the news spread that Jia Yueting had filed for personal bankruptcy reorganization in the United States, his personal financial situation was also exposed. After the completion of the plan, Jia Yueting will no longer hold any stake in Faraday Future. Jia Yueting filed for bankruptcy on October 14, according to documents disclosed on the Epiq Cases website of the bankruptcy company.

  Jia Yueting bankruptcy reorganization 2019-10-17
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  Gan Wei voluntarily filed for divorce, and Jia Yueting was claimed for nearly 4 billion yuan.

  Jia Yueting, founder and former CEO of Faraday FF, has filed for divorce after it was revealed that he had gone bankrupt and was compensated by his wife Gan Wei for a "sky-high price" of nearly 571 million US dollars (3.983 billion yuan).

  Jia Yueting 2020-02-12
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  Jia Yueting was forced to execute more than 4 billion yuan, and the total amount of execution exceeded 9 billion.

  According to Tianyan App, recently, Jia Yueting added a number of executive messages, the case numbers are (2021) Jing03 Zhihui 264, (2021) Jing03 Zhihui 265, etc., with a total execution target of more than 4 billion yuan. The enforcement courts are all Beijing No. 3 Intermediate people's Court. Among them, the relevant person subject to execution also includes Letv Holdings (Beijing) Co., Ltd. At present, the total amount of execution of Jia Yueting has exceeded 9 billion yuan. On the morning of July 22, US time, Faraday Future officially listed on the NASDAQ Stock Exchange and held a bell-ringing ceremony under the ticker symbol.

  Jia Yueting 2021-07-28
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  Jia Yueting sent a letter of apology!

  Jia Yueting sent a letter of apology!

  Jia Yueting sent a letter of apology! 2020-07-02
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  Whether Jia Yueting, who has a monthly income of 93000 US dollars, can go bankrupt and reorganize needs to be voted by creditors.

  A few days ago, the news that Jia Yueting, founder of FF, voluntarily filed for personal bankruptcy reorganization was confirmed that Jia Yueting had applied to the US court for personal bankruptcy reorganization in accordance with Chapter 11 (chapter 11) of the relevant US law. According to the scheme, all FF shares and related income rights held by Jia Yueting are officially transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that since the outbreak of the Letv crisis, FF, which has been regarded as the hope of repayment, no longer belongs to Jia Yueting. In the face of the approaching debt, is Jia Yueting able to evade debt repayment? In this regard, responsible for the agent.

  Whether Jia Yueting can go bankrupt and reorganize depends on the vote of the creditors. 2019-10-17
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  It was exposed that Jia Yueting applied for bankruptcy reorganization, and all assets were transferred to creditors.

  Jia Yueting submitted a document about filing for personal bankruptcy reorganization to the court in the United States, thepaper.cn said, citing people familiar with the matter. After applying for personal bankruptcy reorganization, Jia Yueting will transfer all assets to creditors through a creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that Jia Yueting will no longer hold Faraday's future shares. In response to Jia Yueting's submission of personal bankruptcy restructuring, Faraday, founded by Jia Yueting, said in the future that Jia Yueting's personal debt was handled by domestic debt, and FF did not have much news. Leeco also said that it is not clear about the specific progress.

  Jia Yueting bankruptcy reorganization 2019-10-11
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  Jia Yueting intends to apply for personal bankruptcy reorganization or will no longer hold Faraday's future equity.

  Recently, some Chinese cities have launched policies to pilot a personal bankruptcy system, while media reported that Jia Yueting recently submitted relevant documents to the US court and volunteered to file for personal bankruptcy reorganization. After applying for personal bankruptcy reorganization, Jia Yueting will transfer all his assets to creditors through a creditor trust, which is controlled and managed by the creditor committee and the trust trustee. It also means that creditors will get all of Jia Yueting's assets and their income rights in advance, and Jia Yueting will no longer hold any stake in Faraday Future Faraday Future, an electric carmaker. At present, the future side of Faraday.

  Jia Yueting intends to apply for personal bankruptcy reorganization 2019-10-11
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  Jia Yueting agreed with the debt committee that creditors have the right to dispose of domestic assets.

  On February 29, Jia Yueting's debt handling team issued a statement saying that Jia Yueting had formally submitted a list of core terms of bankruptcy reorganization to the Central District Court of California, which was jointly signed by Jia Yueting and the creditors Committee after several rounds of negotiation and agreement. Jia Yueting plans to submit a new version of the disclosure statement based on the list of core terms this week and start the voting process after the court approves the disclosure letter to facilitate the completion of the restructuring as soon as possible, when FF's global financing and development will also be on the fast track. Jia Yueting made huge concessions in consultation with the debt committee, and Jia Yueting will no longer want it, according to the list of core terms of bankruptcy reorganization submitted.

  Jia Yueting Faraday Future 2020-02-29
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  Leeco net 15 limit on the hot search, the reason Jia Yueting car hope to come?

  Leeco, founded by Jia Yueting, has recently pulled 15 trading limits and its share price has nearly doubled. Although Jia Yueting is no longer the legal representative of Leeco, some outsiders believe that this is thanks to the future of Jia Yueting and the car company Faraday he founded.

  Leeco Network 2021-03-18
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  Being filed for bankruptcy and restructuring, Lifan is facing a serious crisis.

  ​ is now the domestic automobile market accelerating changes in the market environment, so that many marginal car companies feel difficult. A few days ago, Lifan shares issued a notice that the company received a "notice" served by the court. Jiali, the creditor, applied to the court to restructure the company on the grounds that the company was unable to repay its due debts and obviously lacked solvency, but still had the value of restructuring.

  Lifan shares 2020-06-30
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  Investors increase their holdings, the top management of the group changes greatly, and the restructuring of a large group is full of unknown.

  The manager of the giant group has officially started the declaration, registration and review of creditor's rights. as of October 18, 2019, the first creditor meeting will be held in the national enterprise bankruptcy reorganization button information network in the form of a network meeting on October 25, 2019. According to the previous announcement issued by the huge group, Shenzhen Shenshang holding Group Co., Ltd., Shenzhen Yuanwei Asset Management Co., Ltd. and Shenzhen National Transport Technology Group Co., Ltd. formed a consortium to increase the holding of shares in the huge group within 90 days from the date of the announcement, the amount of increase is between 300 million yuan and 400 million yuan, but the number of shares is not higher than that of the company.

  Large group restructuring 2019-09-22
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  Jia Yueting's bankruptcy reorganization was forced to be postponed, and only 20% of the creditors agreed to the bankruptcy plan.

  On October 11, Jia Yueting submitted a monthly document on personal bankruptcy reorganization to the Delaware bankruptcy court. According to Jia Yueting's bankruptcy plan, creditors are required to vote on November 8, 2019 whether to agree to the bankruptcy plan. If 90% of the creditors agree, the bankruptcy reorganization will be carried out in accordance with the current plan. Recently, according to documents released by the Delaware bankruptcy court, only 23% of the creditors agree with Jia Yueting's bankruptcy reorganization plan, so Jia Yueting needs to withdraw the bankruptcy plan currently submitted and postpone the voting period. Jia Yueting can continue to modify the bankruptcy plan, and the court will hold a hearing on December 18.

  Jia Yueting goes bankrupt 2019-11-10
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  It is revealed that Jia Yueting bought a 20 million luxury house before he went bankrupt. FF should report that it is a pure rumor.

  Before filing for bankruptcy, Jia Yueting bought a 3300-square-foot California $3 million (21.14 million yuan) mansion in August on the Palos Vedes Peninsula in Los Angeles, just one step away from his coastal mansion, US media The Verge reported on Oct. 30. The media also reported that Jia Yueting Line holds an Lmur1 visa, which is based on the condition that his company is operating well. So if FF goes bankrupt, or his job at FF is lost, Jia Yueting may be forced to return to China. The report said Jia Yueting still made some decisions about FF.

  Jia Yueting goes bankrupt 2019-10-31
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  Brilliance China is gone!

  According to Caijing Automobile, on August 31, the substantive merger and reorganization of 12 enterprises, including brilliance Group, held its second creditors' meeting, at which there were three motions, including property management and price change plans, two proposals for the establishment of a creditor committee, and the core proposal for BMW China to acquire brilliance China Brand. All three bills were passed by the vote of the creditors. According to reports, BMW China will acquire brilliance-related assets and brilliance manufacturing equity, including land use rights, buildings, machinery and equipment and other related assets, as well as brilliance Group's 100% stake in brilliance Automobile Manufacturing Co., Ltd.

  Brilliance car 2021-09-01
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  Another automobile manufacturing company was liquidated.

  Youth Automobile Group Co., Ltd. (hereinafter referred to as "Youth Automobile"), which attracted attention due to the "water-hydrogen engine", is back in the public eye because one of its subsidiaries went bankrupt. According to China Business Network, the interim manager of Jinhua Youth Automobile Manufacturing Co., Ltd. (hereinafter referred to as "Jinhua Youth Automobile"), a major car manufacturing entity under Youth Automobile, issued the "statement on the Declaration of creditor's Rights in Jinhua Youth Automobile bankruptcy liquidation case", formally announcing that the company has entered the bankruptcy liquidation procedure. According to the declaration of creditor's rights in Jinhua Youth Automobile bankruptcy liquidation case issued by Jinhua Youth Automobile interim Manager, Jinhua Intermediate people's Court made on February 7.

  Youth car 2021-02-28
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  Jia Yueting posted on Father's Day: FF is like my child, I am always proud

  Coinciding with Father's Day, Jia Yueting today posted on Weibo that "FF:FF is like my child, and I will always be proud of it." FF partners and I will continue to be fully engaged and lead the automotive industry to change in the direction of Internet smart electric. Happy Father's Day to all of you! " With a picture of the FF concept car In this regard, many netizens on Weibo asked Jia Yueting when he would return home. Data show that FF was founded in 2016. in October 2016, the capital chain crisis of Letv system broke out and the stock price began to fall all the way. In May 2017, Letv laid off staff and encountered debt collection from suppliers. Jia Yue two months later.

  FF 2021-06-20
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  Sun Yuchen: it's time to rehabilitate Jia Yueting. He made two mistakes that year.

  The Letv supercar project led by Jia Yueting is the earliest member of China's new car-building forces. Letv's LeSEE concept car was unveiled in April 2016. With the outbreak of the financial crisis of Letv system, Jia Yueting left the United States, Letv supercar project was shut down. At the same time, Jia Yueting focuses on another car-building project, FF (Faraday Future, Faraday Future), and FF 91 has so far failed to achieve mass production and listing due to capital chain problems. The storm continues. In July this year, Jia Yueting announced that the personal bankruptcy reorganization plan came into effect, and the creditor trust was also officially established and started operation.

  Jia Yueting FF Letv 2020-11-28
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  The latest announcement! Brilliance restructuring Agreement "finalised"

  Following the identification of Shenyang Automobile Co., Ltd. (hereinafter referred to as "Shenyang Automobile") as a potential investor in restructuring, brilliance Automobile Group Holdings Co., Ltd. has made new progress in its restructuring process for nearly three years. On June 17, Jinbei Automobile and Shenhua Holdings issued announcements one after another to disclose the restructuring progress of brilliance Group, the controlling shareholder. Golden cup steam

  Shenyang brilliance group company automobile brilliance group limited limited SASAC investment Shenyang BMW holding creditor's rights enterprise 2023-06-19