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常州老牌饲料企业2亿债务危机四个月逆转，“府院联动+大数据”创破产重整“常州速度”
Yang Zi Wan Bao Wang·2025-09-26 05:03

Core Insights - Changzhou Dajiang Feed Co., Ltd. has successfully undergone a bankruptcy restructuring process, overcoming a debt crisis of 200 million yuan and avoiding layoffs, thanks to a collaborative effort between the local government and the court [1][2][6] Group 1: Company Background and Crisis - Established in 1992, Changzhou Dajiang Feed Co., Ltd. was a leading brand in the agricultural sector of Changzhou, with its products widely distributed in East China [2] - The company faced multiple crises starting in 2020, including debt defaults leading to lawsuits and the disappearance of its legal representative, resulting in a reported external debt of 200 million yuan before the bankruptcy proceedings began [2][3] Group 2: Restructuring Process - The local court recognized the potential for recovery due to the brand's continued recognition and the company's advantageous location near Benniu Port, initiating a rapid rescue operation [2][3] - A collaborative mechanism was established between the court and local government to address various issues related to the bankruptcy process, including public grievances and maintaining stability [2][3] Group 3: Key Actions and Outcomes - A professional team was formed to manage the restructuring, which included auditing the company's financials and identifying critical issues, such as seasonal losses during winter [3][4] - The restructuring plan was developed with input from all stakeholders, ensuring that secured debts and tax claims were fully repaid, while ordinary creditors received a 17% repayment [5][6] Group 4: Judicial Innovations and Broader Impact - The court's innovative bankruptcy restructuring mechanism has been effective in reviving struggling companies, with 26 companies saved and nearly 7 billion yuan in bad debts resolved from 2021 to 2023 [7] - The establishment of a bankruptcy information platform has improved investor recruitment, while a comprehensive judicial process has streamlined the bankruptcy restructuring efforts [7][8]