Traditional Culture Encyclopedia - Hotel accommodation - What are the procedures for the collapse of chain hotels?

What are the procedures for the collapse of chain hotels?

Three kinds, starting bankruptcy liquidation procedure, reorganization procedure and pre-reorganization procedure.

Whether to start the bankruptcy liquidation procedure, reorganization procedure and pre-reorganization procedure after the bankruptcy of large hotels depends on the actual situation of hotels. Before the court accepts the bankruptcy application, you can also request to withdraw the application.

If you can't save it, you can only file for bankruptcy.