From June 5438 to June 2020 10, Chongqing Bankruptcy Court conducted a hearing system on the seal of BAIC and its miraculous bankruptcy reorganization. Finally, Chongqing Lida Law Firm and Daxin Accounting Company became the administrators of the two cases. Simply put, BAIC Printing and BAIC Magic Speed have officially started bankruptcy and reorganization.
It must be pointed out that bankruptcy reorganization does not mean that the impression of BAIC will gradually disappear. As long as it can find investors to deal with the debt problem again, it can prevent bankruptcy. Only the pit of Beiqi Yinxiang is a bit big. According to the corresponding statistics, as of May 20, BAIC India had total assets of 6.9 billion, liabilities of 850 million, BAIC Magic Speed Property10.70 billion and liabilities of10.20 billion. Moreover, the legal effect of the brand is very weak and it is not worth investing in. Therefore, there is a high probability that Beiqi Magic Speed will eventually go bankrupt.
It is difficult for dealers to defend their rights.
Customers have heard a lot of English about rights protection, but have you seen dealers' rights protection? Because BAIC Printing and BAIC Magic Speed owe dealers1100 million yuan for car purchases, dozens of dealers have defended their rights. BAIC Printing and BAIC Magic Speed have previously announced the dealer's debt treatment plan. It is estimated that the loan will be 60% off and settled in eight years. The loan interest will be repaid gradually in the first five years and the capital will be repaid in the sixth year. However, this scheme was rejected by dealers, and the new scheme is still under discussion at this stage.