Guangdong pig and strong driving school debt to bankruptcy to refund 200 million tuition how to do?

Reporter Dong Liu reports: Zhu Jianqiang is one of the famous driving schools in Guangdong, but due to poor management, he eventually became heavily in debt and went bankrupt. Recently, the Guangzhou Intermediate People’s Court decided to accept the bankruptcy liquidation case of Guangdong Pig & Strong Internet Technology Co., LTD. (hereinafter referred to as “Pig & Strong Company”) and appointed a Guangdong law firm as the administrator of the case. The bankruptcy administrator of Guangdong Pig & Strong Internet Technology Co., Ltd. issued a notice to answer questions on the bankruptcy liquidation case (1) Tuesday, responding to questions on the declaration of creditor’s rights and students’ continuing study.

Pig and strong on September 2, the company was founded in 2014, the registered capital of 12.8125 million yuan, the company take “the Internet marketing + self-management driving chain operation mode, online through taobao, jingdong, WeChat network platform on the student driver advertising and student’s tuition, offline wholly owned or holding company of guangzhou, hangzhou, foshan, zhongshan, qingyuan, driving, arrange its holdings by group internal agreement or cooperation driving schools and students sign a training contract, shall be the responsibility of the driving school students training and auxiliary reference work. As a result of the wrong judgment of the market and excessive investment, coupled with the imperfect legal risk prevention and control mechanism, the pig was entangled in lawsuits, and finally fell into financial difficulties and went bankrupt.

Pig And Strong company since May 2019 no longer normal operation, the majority of its controlling driving schools have been evacuated, driving school vehicles and other assets are missing. It is learned that Shenzhen Pig And Strong Internet Technology Co., LTD, an affiliated enterprise of Pig and strong Company, has accepted the bankruptcy application by Shenzhen Intermediate People’s Court simultaneously on July 27, 2020. Guangzhou Wing On Tong Automobile Driver Training Co., LTD. (hereinafter referred to as “Wing on Tong Driving School”), which is controlled by Pig and Strong Company, will accept and examine the case of bankruptcy liquidation simultaneously in Guangzhou Intermediate People’s Court. Subsequently, Guangzhou Intermediate People’s Court will decide whether to coordinate or merge the two cases according to the progress of the case of Pig and strong Company and Wing on Tong driving school.

According to statistics, pig and Strong registered students about 42,400, has digested about 9,000 students, has not digested about 33,400 students, has not digested about 21,000 students in Guangzhou area (among which about 5,000 are cooperative driving school students). It is estimated that the tuition fee of C1 manual transmission is 5980 yuan, and the tuition fee to be refunded is about 200 million yuan.

It is reported that at present, because the bankruptcy administrator has not taken over complete account books, important documents and other materials of the company, there are substantial difficulties and obstacles in notifying the known creditors, conducting a comprehensive audit of the company’s previous accounts, and comprehensively tracing and clearing up the company’s historical transactions.

The Guangzhou Intermediate People’s Court called on creditors of The company to pay attention to their own rights and interests, actively declare creditor’s rights, provide clues about the company’s property and whether there is illegal trading, and actively cooperate with the court and the administrator to clean up the work.