Research On Bankruptcy Reorganization Plan Of Zhu Shui Energy Resource Group Co.,Ltd

In recent years,some enterprises,especially private enterprises,have fallen into operation difficulties because of the industry overcapacity.With the gradual advancement of the supply side structural reform with the main goal of resolving overcapacity,these private enterprises in business difficulties are faced with the interest demands of many creditors.Due to the limitation of their own resources,it is difficult to resolve the debt crisis.Finally,they are applied for bankruptcy proceedings by creditors.How to find an effective way to regenerate after entering the bankruptcy procedure is what these enterprises are facing.After entering the bankruptcy procedure,there are three ways to restructure an enterprise: bankruptcy reconciliation,bankruptcy reorganization and bankruptcy liquidation.In the judicial practice of bankruptcy,bankruptcy reconciliation is rarely used because of the imperfection of the system.Although bankruptcy liquidation still plays a leading role,the bankruptcy liquidation system does not provide greater protection for the rights and interests of creditors,but also causes a waste of social resources.The purpose of bankruptcy reorganization system is to save the enterprises in difficulties,optimize the allocation of resources and the existence of debtors,and maintain social stability.Therefore,bankruptcy reorganization should be the first choice for the bankrupt enterprises with the value of continuing operation and the possibility of rescue.This paper takes Zhushui Energy Group as the research object and conducts a case study of Zhushui Energy Group's bankruptcy case based on the relevant theories of the bankruptcy legal system.This article mainly studies that in the case of Zhushui Energy Group's failure to reach a bankruptcy settlement,the debtor can use the discounted cash flow model to evaluate its reorganization value based on the internal and external environment faced by the enterprise,provide a basis for designing a reasonable reorganization plan,and formulate a reasonable The reorganization plan is to ultimately help the company effectively get out of trouble and prevent the company from going bankrupt and liquidation.This article specifically answers the following questions: First,why does Zhushui Energy conduct bankruptcy and reorganization? Second,how did Zhushui Energy conduct bankruptcy and reorganization? Third,what is the impact of bankruptcy reorganization on creditors,debtors and society?This article draws conclusions from the special research on the bankruptcy and reorganization of Zhushui Energy Group: First,the bankruptcy and reorganization system aims to rescue distressed enterprises.It not only has the function of optimizing resource allocation,but also can realize the existence of debtors and maintain social stability..Second,this paper uses the discounted cash flow model to evaluate the value of company assets.This paper concludes that the company still has the economic value of reorganization after entering the bankruptcy process.This is also the key element of the company's bankruptcy reorganization.Based on this,this article proposes a followup bankruptcy reorganization plan to help the smooth progress of the bankruptcy reorganization process,and ultimately achieve the goal of Zhushui Energy Group's nirvana rebirth.Third,the bankruptcy reorganization plan includes the voting,approval,implementation,and creditor supervision of the plan.There will still be supervision when it enters the implementation stage.If the debtor fails to implement the plan,the company may still enter bankruptcy proceedings.Therefore,the bankruptcy reorganization plan should fit the company's basic situation and is feasible.Combining with the asset status of Zhushui Energy Group,this article adopts the sale-type reformation to deal with Zhushui Hotel and Zhushui Building.Sale-based reformation has been a research hotspot in recent years,and it is also the innovative point of this article.Fourth,it has certain reference significance for the further practice of bankruptcy and reorganization of other private enterprises that are also at this critical moment.The company is at a critical moment when it enters the bankruptcy process but has not implemented the bankruptcy reorganization plan.Few people have conducted case studies on this.This article uses the discounted cash flow model to evaluate the company's value,and designs a reasonable restructuring plan based on this.