Why did Huizhou Chen go bankrupt?

Cause of bankruptcy: Chen is the actual controller of Huizhou Dongxin Group Co., Ltd., suspected of illegal fund-raising and economic fraud, and suspected of transferring huge amounts of money. His father is the boss of the Far East Group, and Chen is often reported by many negative effects because of his debt problem. With regard to the dispute over the loan contract between the applicant Chen Jinghong and the executors Huizhou Dongxin Pawn Co., Ltd. and Chen and Chu, the civil judgment of Huizhou People's Court (20 16) Guangdong 1302 Republic of China 187 1 has come into legal effect. It is decided that the defendants Huizhou Dongxin Pawn Co., Ltd. and Chen Yu will pay off the arrears of RMB 200,000 and the corresponding overdue interest to the plaintiff Chen Jinghong within seven days from the effective date of this judgment (the arrears of RMB 200,000 are the principal, and the monthly interest rate is 2%, from February 20 15 to the date when the principal and interest are paid off). The defendant Chu paid off the debts to the defendant Huizhou City, and the obligee Chen Jinghong applied to our hospital.