{"id":5983,"date":"2026-02-04T01:35:16","date_gmt":"2026-02-04T08:35:16","guid":{"rendered":"https:\/\/phasangiaithe.man.net.vn\/?p=5983"},"modified":"2026-02-04T01:36:51","modified_gmt":"2026-02-04T08:36:51","slug":"trinh-tu-thu-tuc-pha-san-doanh-nghiep","status":"publish","type":"post","link":"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/","title":{"rendered":"A 5-step guide to the business bankruptcy procedure."},"content":{"rendered":"<p><span style=\"color: #800000;\">In the context of the 2026 economy, understanding the legal regulations on bankruptcy is a crucial tool for protecting the rights of owners and stakeholders. Based on the Bankruptcy Law No. 51\/2014\/QH13, bankruptcy proceedings are a special judicial process aimed at resolving debts fairly and orderly when a business is no longer able to maintain its financial flow.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Hieu_dung_ve_tinh_trang_mat_kha_nang_thanh_toan\" >Understanding insolvency correctly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Quy_trinh_5_buoc_trong_thu_tuc_pha_san_doanh_nghiep\" >The 5-step process in corporate bankruptcy proceedings.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Buoc_1_Nop_don_yeu_cau_mo_thu_tuc_pha_san\" >Step 1: File a petition to initiate bankruptcy proceedings.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Buoc_2_Toa_an_thu_ly_don_yeu_cau\" >Step 2: The court accepts the application.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Buoc_3_Ra_quyet_dinh_mo_thu_tuc_pha_san\" >Step 3: Making a decision to initiate bankruptcy proceedings.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Buoc_4_To_chuc_hoi_nghi_chu_no\" >Step 4: Organize a creditors&#039; meeting.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Buoc_5_Tuyen_bo_pha_san_va_thanh_ly_tai_san\" >Step 5: Declare bankruptcy and liquidate assets<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#5_dieu_can_luu_y_de_xu_ly_pha_san_hieu_qua\" >5 things to keep in mind for effective bankruptcy proceedings.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Nhung_cau_hoi_thuong_gap_ve_pha_san_doanh_nghiep\" >Frequently Asked Questions about Business Bankruptcy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Doanh_nghiep_con_tai_san_nhung_khong_co_tien_mat_thi_co_bi_coi_la_mat_kha_nang_thanh_toan_khong\" >If a business has assets but lacks cash, is it considered insolvent?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Sau_khi_pha_san_chu_doanh_nghiep_co_duoc_thanh_lap_doanh_nghiep_moi_khong\" >After a business goes bankrupt, can the owner establish a new business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Ai_la_nguoi_phai_chiu_phi_ton_khi_thuc_hien_thu_tuc_pha_san\" >Who is responsible for the costs of bankruptcy proceedings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Cac_khoan_no_thue_se_duoc_xu_ly_nhu_the_nao_khi_doanh_nghiep_pha_san\" >How are tax debts handled when a business goes bankrupt?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Quan_tai_vien_co_quyen_gi_doi_voi_hoat_dong_cua_doanh_nghiep\" >What rights does the trustee have over the business&#039;s operations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information for MAN \u2013 Master Accountant Network<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/phasangiaithe.man.net.vn\/en\/trinh-tu-thu-tuc-pha-san-doanh-nghiep\/#Cac_dich_vu_khac\" >Other services<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Hieu_dung_ve_tinh_trang_mat_kha_nang_thanh_toan\"><\/span><span style=\"color: #800000;\">Understanding insolvency correctly<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #800000;\">To determine whether a business is subject to bankruptcy, it is necessary to refer precisely to Clause 1, Article 4. <a href=\"https:\/\/phasangiaithe.man.net.vn\/en\/luat-pha-san-2014-va-nhung-cap-nhat-quan-trong\/\">Bankruptcy Law 2014<\/a>:<\/span><\/p>\n<blockquote><p><span style=\"color: #0000ff;\"><em>\u201c&quot;An insolvent enterprise or cooperative is one that fails to fulfill its debt payment obligations within three months of the due date.&quot;\u201d<\/em><\/span><\/p><\/blockquote>\n<p><span style=\"color: #800000;\">Determining the right time is not only a right but also a responsibility. Article 5 of this Law clearly stipulates that if a business becomes insolvent and its legal representative fails to file a petition for bankruptcy proceedings, the legal representative may be held liable for any resulting damages. This is a legal barrier to prevent debt delays that worsen the financial situation of creditors.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quy_trinh_5_buoc_trong_thu_tuc_pha_san_doanh_nghiep\"><\/span><span style=\"color: #800000;\">The 5-step process in corporate bankruptcy proceedings.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5986\" aria-describedby=\"caption-attachment-5986\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5986\" src=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/Quy-trinh-5-buoc-trong-thu-tuc-pha-san-doanh-nghiep.jpg\" alt=\"Quy tri\u0300nh 5 bu\u031bo\u031b\u0301c trong thu\u0309 tu\u0323c pha\u0301 sa\u0309n doanh nghie\u0323\u0302p\" width=\"800\" height=\"500\" srcset=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/Quy-trinh-5-buoc-trong-thu-tuc-pha-san-doanh-nghiep.jpg 800w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/Quy-trinh-5-buoc-trong-thu-tuc-pha-san-doanh-nghiep-300x188.jpg 300w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/Quy-trinh-5-buoc-trong-thu-tuc-pha-san-doanh-nghiep-768x480.jpg 768w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/Quy-trinh-5-buoc-trong-thu-tuc-pha-san-doanh-nghiep-18x12.jpg 18w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-5986\" class=\"wp-caption-text\">The 5-step process in corporate bankruptcy proceedings.<\/figcaption><\/figure>\n<p><span style=\"color: #800000;\">The bankruptcy resolution process is carried out through the People&#039;s Court system with the close supervision of a bankruptcy administrator or a company managing and liquidating assets.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_1_Nop_don_yeu_cau_mo_thu_tuc_pha_san\"><\/span><span style=\"color: #800000;\">Step 1: File a petition to initiate bankruptcy proceedings.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #800000;\">Based on Articles 5 to 10 of the 2014 Bankruptcy Law, the entities entitled to file a petition are specifically defined to ensure comprehensive coverage:<\/span><\/p>\n<ul>\n<li><span style=\"color: #800000;\">Unsecured or partially secured creditors: Have the right to file a claim if the debt becomes due and remains unpaid after 3 months.<\/span><\/li>\n<li><span style=\"color: #800000;\">Workers and union representatives: Based on Article 10, they have the right to file a lawsuit when a company fails to pay wages and other debts. Importantly, workers are not required to pay bankruptcy fees or advance bankruptcy costs.<\/span><\/li>\n<li><span style=\"color: #800000;\">The legal representative: the Chairman of the Board of Directors, the Director, or the General Director is obligated to file an application immediately upon discovering insolvency.<\/span><\/li>\n<li><span style=\"color: #800000;\">Shareholders or groups of shareholders: If they own 20% or more of the total number of common shares for a continuous period of at least 06 months, they have the right to file a claim when the joint-stock company becomes insolvent.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_2_Toa_an_thu_ly_don_yeu_cau\"><\/span><span style=\"color: #800000;\">Step 2: The court accepts the application.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #800000;\">After receiving the application, the Court will review its validity within 3 working days. If the application is complete, the Judge will notify the applicant to pay the fees and advance bankruptcy costs. According to Article 18:<\/span><\/p>\n<blockquote><p><span style=\"color: #0000ff;\"><em>\u201c&quot;The date of acceptance of the application for bankruptcy proceedings is the date the judge receives the receipt for payment of bankruptcy fees and the receipt for advance payment of bankruptcy costs.&quot;\u201d<\/em><\/span><\/p><\/blockquote>\n<p><span style=\"color: #800000;\">An important point to note in 2026 is the application of electronic litigation systems, which will make filing applications and receiving acceptance notices faster. For businesses that have exhausted their finances, the Court may still accept cases if they fall under the exemption or reduction categories stipulated by law, ensuring their right to access justice.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_3_Ra_quyet_dinh_mo_thu_tuc_pha_san\"><\/span><span style=\"color: #800000;\">Step 3: Making a decision to initiate bankruptcy proceedings.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #800000;\">Within 30 days of receiving the case, the judge must decide whether or not to open bankruptcy proceedings in accordance with Article 42. This is a milestone that completely changes the legal status of the business. As soon as this decision is made, the court will appoint a bankruptcy administrator.<\/span><\/p>\n<p><span style=\"color: #800000;\">From this point onwards, the enterprise is subject to significant restrictions on its financial autonomy. According to Clause 1, Article 48:<\/span><\/p>\n<blockquote><p><span style=\"color: #0000ff;\"><em>\u201c&quot;After a decision to initiate bankruptcy proceedings is made, enterprises and cooperatives are prohibited from engaging in the following activities: disposing of or transferring assets; paying unsecured debts; waiving the right to claim debts; and converting unsecured debts into secured debts using the enterprise&#039;s assets.&quot;\u201d<\/em><\/span><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_4_To_chuc_hoi_nghi_chu_no\"><\/span><span style=\"color: #800000;\">Step 4: Organize a creditors&#039; meeting.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #800000;\">The creditors&#039; meeting is the highest decision-making body regarding the resolution of the enterprise&#039;s debt. According to Article 75, the meeting is only valid if a number of creditors representing at least 65% of the total unsecured debt participate.<\/span><\/p>\n<p><span style=\"color: #800000;\">The Conference has the power to adopt important resolutions in accordance with Article 81:<\/span><\/p>\n<ul>\n<li><span style=\"color: #800000;\">Suspension of claim processing: If the business has rectified the debt situation or someone has agreed to pay the debt on its behalf.<\/span><\/li>\n<li><span style=\"color: #800000;\">Business recovery: Businesses have 15 days to develop a recovery plan after the meeting approves the policy. The implementation period for the recovery plan is usually no more than 3 years, as per Article 89.<\/span><\/li>\n<li><span style=\"color: #800000;\">Declaration of bankruptcy: If no agreement is reached on recovery or the recovery plan is not feasible.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_5_Tuyen_bo_pha_san_va_thanh_ly_tai_san\"><\/span><span style=\"color: #800000;\">Step 5: Declare bankruptcy and liquidate assets<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #800000;\">When recovery is no longer possible, the judge issues a decision declaring bankruptcy. At this point, all of the company&#039;s assets will be converted into cash to pay off debts according to the absolute priority order in Article 54:<\/span><\/p>\n<blockquote><p><span style=\"color: #0000ff;\"><em>\u201cThe distribution of the assets of enterprises and cooperatives shall be carried out in the following order: a) Bankruptcy costs; b) Debts for wages, severance pay, social insurance, health insurance for employees, and other benefits under signed labor contracts and collective labor agreements; c) Debts incurred after the commencement of bankruptcy proceedings for the purpose of business recovery; d) Financial obligations to the State; unsecured debts payable to creditors on the list of creditors; secured debts that remain unpaid due to insufficient value of the collateral.\u201d<\/em><\/span><\/p><\/blockquote>\n<p><span style=\"color: #800000;\">The remaining value after all the above payments is made belongs to the private business owner, proprietor, or shareholders.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_dieu_can_luu_y_de_xu_ly_pha_san_hieu_qua\"><\/span><span style=\"color: #800000;\">5 things to keep in mind for effective bankruptcy proceedings.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5984\" aria-describedby=\"caption-attachment-5984\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5984\" src=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/5-dieu-can-luu-y-de-xu-ly-pha-san-hieu-qua.jpg\" alt=\"5 \u0111ie\u0302\u0300u ca\u0302\u0300n lu\u031bu y\u0301 \u0111e\u0302\u0309 xu\u031b\u0309 ly\u0301 pha\u0301 sa\u0309n hie\u0323\u0302u qua\u0309\" width=\"800\" height=\"500\" srcset=\"https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/5-dieu-can-luu-y-de-xu-ly-pha-san-hieu-qua.jpg 800w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/5-dieu-can-luu-y-de-xu-ly-pha-san-hieu-qua-300x188.jpg 300w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/5-dieu-can-luu-y-de-xu-ly-pha-san-hieu-qua-768x480.jpg 768w, https:\/\/phasangiaithe.man.net.vn\/wp-content\/uploads\/2026\/02\/5-dieu-can-luu-y-de-xu-ly-pha-san-hieu-qua-18x12.jpg 18w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-5984\" class=\"wp-caption-text\">5 things to keep in mind for effective bankruptcy proceedings.<\/figcaption><\/figure>\n<p><span style=\"color: #800000;\">Based on the practical application of the Bankruptcy Law No. 51\/2014\/QH13, businesses need to pay attention to the following five core issues to minimize legal risks.<\/span><\/p>\n<ol>\n<li><strong><span style=\"color: #800000;\">Review invalid transactions before initiating proceedings: <\/span><\/strong><span style=\"color: #800000;\">It is important to note Article 59 regarding transactions deemed invalid. If, within six months prior to the date of filing the application, the business carries out transactions such as gifting assets, paying off debts before they are due, or selling assets below market value, the Receiver has the right to request the Court to recover these assets.<\/span><\/li>\n<li><strong><span style=\"color: #800000;\">Coordinate fully with the Receiver: <\/span><\/strong><span style=\"color: #800000;\">The bankruptcy administrator has significant authority in inventorying assets. According to Article 67, the business must submit an accurate list of creditors within 15 days of the commencement of proceedings. A lack of honesty during this period can lead to criminal charges for violating regulations on asset management in bankruptcy proceedings.<\/span><\/li>\n<li><strong><span style=\"color: #800000;\">Develop a recovery plan based on practical considerations: <\/span><\/strong><span style=\"color: #800000;\">The business recovery plan under Article 87 must clearly state specific measures such as capital mobilization, product changes, and restructuring of the management system. A practical plan that not only saves the business but also protects jobs for workers is a top priority for the Court in 2026.<\/span><\/li>\n<li><span style=\"color: #800000;\"><strong>Resolving collateral issues flexibly:<\/strong> <\/span><span style=\"color: #800000;\">According to Article 53, for secured debts, if the asset is necessary for business recovery, its disposal will be temporarily suspended. If it is not necessary, the asset will be sold to repay the debt. Understanding this clause gives businesses more time to negotiate with the bank.<\/span><\/li>\n<li><span style=\"color: #800000;\"><strong>Strictly adhere to procedural deadlines:<\/strong> <\/span><span style=\"color: #800000;\">The 2014 Bankruptcy Law established extremely strict timelines. A 15-day delay in asset inventory or a failure to file a claim on the list of creditors often resulted in the loss of voting rights or the suspension of business recovery rights. In the context of digital litigation in 2026, these timelines are automatically monitored, requiring businesses to have a dedicated legal support team.<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Nhung_cau_hoi_thuong_gap_ve_pha_san_doanh_nghiep\"><\/span><span style=\"color: #000000;\">Frequently Asked Questions about Business Bankruptcy<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Below is a summary of common legal issues that arise during the process of resolving corporate bankruptcy.<\/span><\/p>\n<p><span style=\"color: #000000;\"><section><summary><h3 ><span class=\"ez-toc-section\" id=\"Doanh_nghiep_con_tai_san_nhung_khong_co_tien_mat_thi_co_bi_coi_la_mat_kha_nang_thanh_toan_khong\"><\/span>If a business has assets but lacks cash, is it considered insolvent?<span class=\"ez-toc-section-end\"><\/span><\/h3><\/summary><div><div class=\"saswp_faq_tiny_content\">Yes. According to Article 4 of the 2014 Bankruptcy Law, insolvency is determined solely by the failure to fulfill debt obligations due within three months. A business possessing assets (such as real estate and machinery) but unable to liquidate them to repay debts on time is still eligible for bankruptcy proceedings.<\/div><\/div><\/section><section><summary><h3 ><span class=\"ez-toc-section\" id=\"Sau_khi_pha_san_chu_doanh_nghiep_co_duoc_thanh_lap_doanh_nghiep_moi_khong\"><\/span>After a business goes bankrupt, can the owner establish a new business?<span class=\"ez-toc-section-end\"><\/span><\/h3><\/summary><div><div class=\"saswp_faq_tiny_content\">Depending on the case. Article 130 stipulates that individuals holding managerial positions (Chairman, Director, General Director) of a bankrupt enterprise shall not be allowed to hold equivalent positions in any state-owned enterprise for a period of 3 years. For private enterprises, the right to establish new enterprises remains in effect unless there is a specific restriction from the Court due to serious violations causing bankruptcy.<\/div><\/div><\/section><section><summary><h3 ><span class=\"ez-toc-section\" id=\"Ai_la_nguoi_phai_chiu_phi_ton_khi_thuc_hien_thu_tuc_pha_san\"><\/span>Who is responsible for the costs of bankruptcy proceedings?<span class=\"ez-toc-section-end\"><\/span><\/h3><\/summary><div><div class=\"saswp_faq_tiny_content\">Applicants for bankruptcy proceedings must pay bankruptcy fees and advance bankruptcy costs (Articles 22 and 23). However, after the assets are liquidated, these costs will be reimbursed from the value of the company&#039;s assets in the order of priority as stipulated in Article 54. Employees and union representatives who file applications are exempt from these fees.<\/div><\/div><\/section><section><summary><h3 ><span class=\"ez-toc-section\" id=\"Cac_khoan_no_thue_se_duoc_xu_ly_nhu_the_nao_khi_doanh_nghiep_pha_san\"><\/span>How are tax debts handled when a business goes bankrupt?<span class=\"ez-toc-section-end\"><\/span><\/h3><\/summary><div><div class=\"saswp_faq_tiny_content\">According to Article 54, financial obligations to the State (including tax debts) are ranked fourth in priority, after bankruptcy costs, employee wages, and business recovery debts. If, after paying the above priority items, there are no remaining assets, tax debts may be written off or suspended in accordance with the law on tax administration.<\/div><\/div><\/section><section><summary><h3 ><span class=\"ez-toc-section\" id=\"Quan_tai_vien_co_quyen_gi_doi_voi_hoat_dong_cua_doanh_nghiep\"><\/span>What rights does the trustee have over the business&#039;s operations?<span class=\"ez-toc-section-end\"><\/span><\/h3><\/summary><div><div class=\"saswp_faq_tiny_content\">According to Article 16, the Receiver has the right to manage and supervise business operations, inventory assets, and compile a list of creditors. The Receiver has the right to request the Judge to issue a decision to prevent, temporarily seize assets, or declare invalid any transactions involving the disposal of assets carried out in violation of the law.<\/div><\/div><\/section><\/span><\/p>\n<p><span style=\"color: #000000;\">A thorough understanding of Bankruptcy Law No. 51\/2014\/QH13 helps businesses withdraw from the market in a civilized manner, ensuring social responsibility and protecting their reputation for future business plans.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center;\"><span style=\"color: #000000;\"><div class=\"su-button-center\"><a href=\"https:\/\/phasangiaithe.man.net.vn\/en\/lien-he\/\" class=\"su-button su-button-style-flat\" style=\"color:#FFFFFF;background-color:#d9534f;border-color:#ae4340;border-radius:5px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:0px 22px;font-size:17px;line-height:34px;border-color:#e58784;border-radius:5px;text-shadow:none\"> <\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><span style=\"color: #000000\">Contact Us for a Quote<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><span style=\"color: #000000\"><\/span><\/a><\/div><\/span><\/p>\n<h3 id=\"ftoc-heading-11\" class=\"ftwp-heading\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><span style=\"color: #000000;\">Contact information for MAN \u2013 Master Accountant Network<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li aria-level=\"1\"><span style=\"color: #000000;\">Address: 19A, 43rd Street, Tan Thuan Ward, Ho Chi Minh City<\/span><\/li>\n<li aria-level=\"1\"><span style=\"color: #000000;\">Mobile\/Zalo: 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li aria-level=\"1\"><span style=\"color: #000000;\">Email: man@man.net.vn<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Cac_dich_vu_khac\"><\/span><span style=\"color: #000000;\">Other services<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li aria-level=\"1\"><span style=\"color: #000000;\">Auditing:\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-kiem-toan\/\" target=\"_blank\" rel=\"noopener\">Auditing Services<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/kiem-toan-xay-dung-co-ban\/\" target=\"_blank\" rel=\"noopener\">Construction Auditing Services<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-kiem-toan-bao-cao-tai-chinh\/\" target=\"_blank\" rel=\"noopener\">Financial statement audit services<\/a><\/span><\/span><\/li>\n<li aria-level=\"1\"><span style=\"color: #000000;\">Accounting and Taxation:\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.google.com\/search?q=%23\" target=\"_blank\" rel=\"nofollow noopener\">Tax accounting services<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.google.com\/search?q=%23\" target=\"_blank\" rel=\"nofollow noopener\">Tax report<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.google.com\/search?q=%23\" target=\"_blank\" rel=\"nofollow noopener\">Transfer Pricing Advisory<\/a>.\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-ke-toan\/\" target=\"_blank\" rel=\"noopener\">Tax Accounting Services<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-bao-cao-thue\/\" target=\"_blank\" rel=\"noopener\">Tax reporting services<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-chuyen-gia\/\" target=\"_blank\" rel=\"noopener\">Transfer Pricing Service<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-giao-dich-lien-ket\/\" target=\"_blank\" rel=\"noopener\">Affiliate Trading Service<\/a><\/span><\/span><\/li>\n<li aria-level=\"1\"><span style=\"color: #000000;\">Legal aspects:\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-giay-phep-lao-dong\/\" target=\"_blank\" rel=\"noopener\">Work permit services<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-chung-nhan-dang-ky-kinh-doanh\/\" target=\"_blank\" rel=\"noopener\">Business registration certification services<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-chung-nhan-dau-tu\/\" target=\"_blank\" rel=\"noopener\">Investment Certificate\u00a0<\/a><\/span><\/span><\/li>\n<li aria-level=\"1\"><span style=\"color: #000000;\">Other:\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-chuyen-gia\/\" target=\"_blank\" rel=\"noopener\">Transfer Pricing Service<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-giao-dich-lien-ket\/\" target=\"_blank\" rel=\"noopener\">Affiliate Trading Service<\/a>,\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/dich-vu-tu-van-hoat-dong-doanh-nghiep\/\" target=\"_blank\" rel=\"noopener\">Business Operations Consulting Services<\/a><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Content production is overseen by: Mr.\u00a0<a style=\"color: #000000;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" target=\"_blank\" rel=\"noopener\">Le Hoang Tuyen<\/a>\u00a0\u2013 Founder &amp; CEO of MAN \u2013 Master Accountant Network, CPA Vietnam with over 30 years of experience in accounting, auditing, and financial consulting.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Trong b\u1ed1i c\u1ea3nh kinh t\u1ebf n\u0103m 2026, vi\u1ec7c th\u1ea5u hi\u1ec3u c\u00e1c quy \u0111\u1ecbnh ph\u00e1p l\u00fd v\u1ec1 ph\u00e1 s\u1ea3n l\u00e0 c\u00f4ng c\u1ee5 quan tr\u1ecdng \u0111\u1ec3 b\u1ea3o v\u1ec7 quy\u1ec1n l\u1ee3i c\u1ee7a ch\u1ee7 s\u1edf h\u1eefu v\u00e0 c\u00e1c b\u00ean li\u00ean quan. D\u1ef1a tr\u00ean Lu\u1eadt Ph\u00e1 s\u1ea3n s\u1ed1 51\/2014\/QH13, th\u1ee7 t\u1ee5c ph\u00e1 s\u1ea3n l\u00e0 m\u1ed9t qu\u00e1 tr\u00ecnh t\u1ed1 t\u1ee5ng t\u01b0 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,13,38,8,12],"tags":[],"class_list":["post-5983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-kien-thuc-pha-san","category-pha-san","category-tin-tuc-thue","category-trung-tam-kien-thuc-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/5983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=5983"}],"version-history":[{"count":3,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/5983\/revisions"}],"predecessor-version":[{"id":5989,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/5983\/revisions\/5989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=5983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=5983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=5983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}