How to transfer assets when an enterprise goes bankrupt

The act of transferring assets before the bankruptcy of the enterprise, hiding or transferring assets to avoid debts is invalid; If one year before the court accepts the bankruptcy application, there are behaviors such as transferring property without compensation and giving up creditor's rights, the administrator may request the court to cancel it.

legal ground

Article 31 of the Enterprise Bankruptcy Law of the People's Republic of China

Within one year before the people's court accepts the bankruptcy application, the administrator has the right to request the people's court to cancel the following acts involving the debtor's property:

(a) the transfer of property without compensation;

(2) Trading at an obviously unreasonable price;

(3) Providing property guarantee for debts without property guarantee;

(four) to pay off the outstanding debts in advance;

(5) Abandoning creditor's rights.

Article 32

Within six months before the people's court accepts the bankruptcy application, the administrator has the right to request the people's court to cancel it if the debtor still pays off to individual creditors under the circumstances specified in the first paragraph of Article 2 of this Law. However, unless individual payments are beneficial to the debtor's property.

Article 33

The following acts involving the debtor's property are invalid:

(1) Concealing or transferring property to avoid debts;

(2) Fictitious debts or admitting untrue debts.