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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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  The court upheld Jia Yueting's bankruptcy reorganization and moved his bankruptcy reorganization case to California.

  On December 19th, Jia Yueting's debt handling team said on Weibo that the US court supported Jia Yueting's personal bankruptcy reorganization to continue in California, and the motion to revoke the reorganization was rejected. With regard to Jia Yueting's claim that "bankruptcy reorganization is supported by the Delaware court," industry insiders said that this is only a simple procedural decision, and the Delaware court believes that it does not have jurisdiction over bankruptcy reorganization. Therefore, the transfer of the case to the California court, that is all, cannot be regarded as the Delaware court's support for Jia Yueting's bankruptcy reorganization. And for Jia Yueting debt processing team said that "lazy wealth cancellation restructuring motion was rejected."

  Jia Yueting 2019-12-19
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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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  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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  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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  All of a sudden! Well-known "German" brands apply for bankruptcy liquidation

  Beijing Baowo, which lost its operational capacity, finally filed for bankruptcy liquidation, and Foton Motor, as one of its shareholders, was also deeply affected. On the evening of April 8, Futian Motor announced that due to the financial exhaustion of Beijing Baowo, it was indeed unable to pay off its maturing debts, and its assets were not sufficient to pay off all its debts. Beijing Baowo held an interim shareholders' meeting on April 8, 2022. The resolution filed for bankruptcy liquidation in accordance with the law, and submitted the relevant application to the Beijing No. 1 Intermediate people's Court on April 8. It should be noted that bankruptcy liquidation and bankruptcy reorganization are essentially different. Bankruptcy reorganization is to have or may have the conditions for bankruptcy at the same time.

  Bowo car 2022-04-10
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  National Machine Automotive: Finoba Bavaria, a wholly owned subsidiary, filed for bankruptcy

  In the face of the severe epidemic, many companies have embarked on the road of bankruptcy. National Machinery Automobile announced on the evening of the 16th that Finoba Bavaria, a German subsidiary of the company's wholly-owned subsidiary China Automotive Industry Engineering Co., Ltd. (hereinafter referred to as "China Automotive Engineering"), due to the outbreak of the epidemic, the mainframe plant stopped production and was unable to resolve liquidity, and planned to minimize losses through bankruptcy. The losses caused by the bankruptcy are estimated to be between 1 million and 2 million euros. National machine automobile expresses, because Finoba Bavaria will face the condition that capital chain breaks and cannot continue to operate, undertake bankruptcy to its, have.

  National machine automobile 2020-09-16
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  Jia Yueting: if I return to China, I will work for the creditors! Netizen: is it not easy to mix in the United States?

  Jia Yueting wrote to more than 100 creditors on November 11, saying that he was the first person in charge of Letv's ecological failure, resulting in the debt could not be repaid in time and would be in closer contact with the creditors in the future. "during his two years in the United States, paying off debts and returning home and turning FF into a business are his two major tasks." According to Jia Yueting's letter, he has repaid more than $3 billion in debt and about $3.6 billion in outstanding debt, minus the secured debt that has frozen domestic assets to be disposed of and convertible, with a net debt of about $2 billion. Jia Yueting also said in the letter that compared with the default bankruptcy liquidation, although bankruptcy restructuring is difficult.

  Jia Yueting bankruptcy reorganization 2019-11-11
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  bring disaster to the fish in the moat? Baoneng's company is filed for bankruptcy review

  According to the national enterprise bankruptcy reorganization case information network, Baoneng Kunshan Ju Innovation Energy Technology Co., Ltd. added a bankruptcy reorganization case, the case number is (2023) Su 0583 Brechen 280. the type of the case is "bankruptcy review case". The applicant is Zhejiang Hanxin Technology Co., Ltd., Dazu Laser Section.

  Company Limited Co. Ltd. Kunshan Automobile Technology Base case Group Energy subsidiary people New Energy Court Shenzhen 2023-09-14
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  Another German car supplier filed for bankruptcy!

  A few days ago, the lidar supplier Ibeo Automotive Systems GmbH (hereinafter referred to as "Ibeo") applied for bankruptcy to the court in Hamburg, Germany. The court in Hamburg, Germany, has approved Ibeo to administer the bankruptcy procedure on its own. The management of the company is still fully responsible for the operation.

  Laser radar Germany automobile supply supplier doctor Schneider systems products enterprises people RMB technology cooperation 2022-10-10
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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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  Only six years after its establishment, this "German" car company went into bankruptcy liquidation.

  "good is expensive", "expensive is good" and "very expensive". This magical advertisement came from Bowo Automobile. Because the slogan was "shocking", it attracted a lot of attention on the Internet at that time, and even made Baowo car very popular for a while, but it was really only "very popular for a while", in the years after that. Only let people remember that "good is expensive", "expensive is good" and "very expensive" Bowo finally failed to come up with a new name in the domestic market. On April 22, Futian Motor issued a notice saying that because Beijing Baowo could not pay off its maturing debts, and the audit report showed that its assets were insufficient to pay all its liabilities.

  Bankruptcy liquidation of Beijing Baowo 2022-04-23
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  Become debt-ridden! A new energy car company in Zhejiang has been filed for bankruptcy liquidation

  In 2020, Zhongtai Motor, which once sold 330000 vehicles a year, seems to have encountered a lot of trouble. news about "Zhongtai system" shutdown, wage arrears and rights protection, bankruptcy reorganization, bankruptcy liquidation and so on. After Zhongtai, Junma, Hanteng and Hanlong, another "Zhongtai" enterprise was mired in debt crisis and was filed for bankruptcy liquidation by creditors. Recently, * ST Zhongtai issued a notice that recently received a "civil order" issued by Zhejiang Yongkang Court, Zhongtai Automobile Co., Ltd. (hereinafter referred to as "Zhongtai Automobile") second-class wholly-owned subsidiary Zhongtai New Energy Automobile Co., Ltd., by creditors Hangzhou Tiecheng Information Technology Co., Ltd. And Jin.

  Zhongtai New Energy Zhongtai Automobile 2020-12-04
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  As soon as the investor terminates and has a temporary reprieve, Zhongtai Motor is filed for bankruptcy reorganization.

  According to Tianyan survey data, Zhongtai Motor added bankruptcy cases and bankruptcy review cases on June 29, and the applicants were Zhejiang Yongkang Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Yongkang Nong Commercial Bank"). The handling court is the Intermediate people's Court of Jinhua City, Zhejiang Province. This is not the first time Yongkangnong has applied for Zhongtai Automobile bankruptcy reorganization. On September 16, 2020, Yongkang Agricultural Commercial Bank applied to the people's Court of Yongkang City for pre-restructuring on the grounds that Zhongtai Motor was unable to pay off its maturing debts and obviously lacked solvency, but it still had restructuring value. On October 13, 2020, Yongkang Agricultural Commercial Bank went to Zhejiang Province.

  Zhongtai Automobile 2021-06-30
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  Unable to return to heaven! A century-old car company filed for bankruptcy.

  According to Tianyan investigation information, on April 20, Bowo Motor (China) Co., Ltd. added two new bankruptcy reorganization cases, the types of cases are bankruptcy review case and bankruptcy case, the applicant and the respondent are both Bao Wo Automobile (China) Co., Ltd., and the handling court is the Beijing No. 1 Intermediate people's Court. Relevant ruling

  Automobiles companies Beijing Limited Co. Ltd. Futian China China debt Court amount sales cases people 2023-04-21
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  The net exposed that four car companies filed for bankruptcy: Zhongtai Automobile reported that Lifan said there was no bankruptcy plan.

  Recently, a notice on the Internet has spread that the upstream and downstream suppliers of four independent car companies, Cheetah, Zhongtai, Huatai and Lifan, have conducted risk checks. The notice was confirmed to have been issued by Ping an Bank. The email shows that the main reason for risk investigation is "according to public media reports: Cheetah, Zhongtai, Huatai and Lifan will enter bankruptcy proceedings at the end of the year." It is estimated that the industry chain involving upstream and downstream auto parts suppliers totaled about 50 billion yuan of bad debts. " In response to the matter, the car companies involved and Ping an Bank have responded. Ping an Bank responded that according to the macroeconomic situation, and industry, enterprise economy.

  Automobile company goes bankrupt 2019-10-11
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  Jia Yueting creditors' meeting begins, the success of bankruptcy reorganization will determine the life and death of FF.

  Jia Yueting's debt handling group posted on Weibo that Jia Yueting's creditors' meeting was officially held at FF's US headquarters. 35 creditors from 20 creditor institutions, as well as lawyers, attended the debt meeting to discuss with Jia Yueting the personal bankruptcy restructuring and the future development of FF. Jia Yueting said that the success of debt restructuring determines the life and death of FF, but also determines the interests of creditors, and hopes to vote on the adjusted restructuring plan in mid-late December to push forward the passage of the plan as soon as possible. At the meeting, Jia Yueting apologized to all creditors, saying he was confident of reaching a debt restructuring plan with creditors.

  Jia Yueting bankruptcy reorganization 2019-11-26
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  The factory stopped production after employees owed wages, and the autonomous car company was ruled to go into bankruptcy liquidation.

  According to the bankruptcy documents of Hangzhou Yuhang District people's Court, Hangzhou Changjiang Automobile Co., Ltd., one of the new car-building forces, has been ordered by the court to go into bankruptcy liquidation. According to the announcement, according to the application of Hangzhou Wantu Business Service Co., Ltd., it was decided on August 24, 2020 to accept the bankruptcy liquidation case of Hangzhou Changjiang Automobile Co., Ltd. The creditors of Hangzhou Changjiang Automobile Co., Ltd. should declare their claims to the manager before November 11, 2020, stating in writing the amount of claims, whether they have property security and whether they are joint and several claims, and provide relevant evidence materials. Hangzhou Yuhang District people's Court will convene the first on November 26.

  Changjiang Automobile 2020-10-31
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  Seriously insolvent! An electric car company filed for bankruptcy liquidation

  On March 6, Lifan Science and Technology (Group) Co., Ltd. (hereinafter referred to as "Lifan Technology") issued a notice that the board of directors approved the "motion on the application for bankruptcy liquidation of Henan Lifan New Energy Electric vehicle Co., Ltd., a wholly-owned subsidiary". It is agreed that Henan Lifan should apply to the court for bankruptcy liquidation. The data show that Henan Li

  Lifan company model automobile technology Geely Henan sales bankruptcy liquidation court similar market motorcycle motorcycle 2023-03-07
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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