What about the debt after the hotel closed down?

Legal analysis: If the hotel belongs to a limited liability company, it can file reorganization, reconciliation or bankruptcy liquidation with the people's court. The limited liability company can be used to pay off the project funds after applying for bankruptcy property price change. If the creditors do not agree, the amount of the bankruptcy property can also be kept unchanged. It would be better if it could be repaid in full. If you can't pay back in full, you can pay back as much as you can.

Legal basis: Provisions of the Supreme People's Court on the Application of Several Issues (1) Article 9 If an applicant files a bankruptcy application with a people's court and the people's court refuses to accept or execute it in accordance with Article 7 of these Provisions, the applicant may file a bankruptcy application with a people's court at the next higher level.

After receiving the bankruptcy application, the people's court at a higher level shall order the lower court to examine it according to law and make a ruling on whether to accept it in time; If the lower court is still unable to make a ruling on whether to accept or not, the people's court at the next higher level may make a ruling.

If the people's court at a higher level decides to accept the bankruptcy application, it may also instruct the people's court at a lower level to hear it.