<\/span><\/h2>\nAccurately assessing the conditions for declaring a business bankrupt helps management and the accounting department proactively prevent legal risks, maximize asset protection, and comply with current regulations. When signs of cash flow imbalances appear, comparing recovery options, debt restructuring negotiations, dissolution, or bankruptcy is a mandatory management step.<\/p>\n
Comprehensive support services from MAN \u2013 Master Accountant Network<\/strong><\/p>\nThe team of legal, accounting, and auditing experts at MAN \u2013 Master Accountant Network<\/strong> We are ready to support businesses in reviewing accounts receivable, assessing financial health, settling tax obligations, and advising on the most optimal legal solutions for each specific case.<\/p>\n\n
Contact information<\/div>\n
Address:<\/strong> No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/div>\nMobile\/Zalo:<\/strong> 0903 963 163 \u2013 0903 428 622<\/div>\nE-mail:<\/strong> man@man.net.vn<\/div>\n<\/div>\n<\/span>Frequently Asked Questions about the Conditions for Declaring Bankruptcy<\/span><\/h2>\n<\/span>What are the conditions for declaring a business bankrupt?<\/span><\/h3>\nThe conditions for declaring bankruptcy include two mandatory elements: the business fails to fulfill its debt payment obligations within 3 months from the due date, and the People's Court issues a decision declaring bankruptcy as stipulated in Article 4 of the 2014 Bankruptcy Law.<\/p>\n
<\/span>If a debt is not repaid for more than 3 months, will the individual be declared bankrupt immediately?<\/span><\/h3>\nNo. Failure to repay debts for more than three months only establishes a state of insolvency and serves as grounds for filing for bankruptcy. A business is only officially declared bankrupt after the court accepts the case, initiates proceedings, and issues a bankruptcy declaration.<\/p>\n
<\/span>Who has the right to file a petition for bankruptcy proceedings?<\/span><\/h3>\nPursuant to Article 5 of the 2014 Bankruptcy Law, unsecured creditors, partially secured creditors, employees (or union representatives), and shareholders\/groups of shareholders owning 20% or more common shares have the right to file a petition for bankruptcy proceedings.<\/p>","protected":false},"excerpt":{"rendered":"
Hi\u1ec3u r\u00f5 \u0111i\u1ec1u ki\u1ec7n tuy\u00ean b\u1ed1 ph\u00e1 s\u1ea3n doanh nghi\u1ec7p l\u00e0 b\u01b0\u1edbc kh\u1edfi \u0111\u1ea7u quan tr\u1ecdng gi\u00fap ch\u1ee7 doanh nghi\u1ec7p v\u00e0 b\u1ed9 ph\u1eadn k\u1ebf to\u00e1n \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c v\u1ecb th\u1ebf ph\u00e1p l\u00fd c\u1ee7a t\u1ed5 ch\u1ee9c khi g\u1eb7p kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh. Khi doanh nghi\u1ec7p r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng n\u1ee3 \u0111\u1ecdng k\u00e9o d\u00e0i, vi\u1ec7c n\u1eafm […]<\/p>\n","protected":false},"author":4,"featured_media":6578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,13],"tags":[],"class_list":["post-6577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc-cap-nhat","category-kien-thuc-pha-san"],"acf":[],"_links":{"self":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/6577","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=6577"}],"version-history":[{"count":1,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/6577\/revisions"}],"predecessor-version":[{"id":6580,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/6577\/revisions\/6580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/media\/6578"}],"wp:attachment":[{"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=6577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=6577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phasangiaithe.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=6577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}