Is Heyuan Hui Jing Group bankrupt?

According to Sina Finance, Heyuan Hui Jing Group did not go bankrupt. Although Hui Jing Group faces some difficulties, including persistent overdue commercial paper and tight capital chain, it is actively seeking solutions and is still operating normally.

Bankruptcy refers to meeting the conditions that due debts cannot be paid off, assets are insufficient to pay off all debts, or there is an obvious lack of solvency. At this time, the enterprise can apply to the court for bankruptcy.