Traditional Culture Encyclopedia - Hotel franchise - What about the debt after the hotel closed down?
What about the debt after the hotel closed down?
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.
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