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What about employee social security after enterprise bankruptcy?
Legal basis: Article 113 of the Enterprise Bankruptcy Law of the People's Republic of China stipulates that bankruptcy expenses and joint debts shall be paid off first, and then paid off in the following order: wages, medical care, disability allowance and pension expenses owed by the bankrupt to employees, basic old-age insurance and basic medical insurance expenses owed by employees' personal accounts, and compensation payable to employees according to laws and administrative regulations; Social insurance premiums and taxes owed by bankrupts other than those specified in the preceding paragraph; Ordinary bankruptcy claims. If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion. The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise.
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