When it comes to the bankruptcy and liquidation of Tianyuan Company, both Guan Yuntian and President Ren lamented. On the one hand, it is a pity that such a large company went bankrupt like this. On the other hand, the most important thing is that the ICBC where President Ren worked was...

The creditors of Tianyuan Company, and Changda Financing Guarantee Company, a subsidiary of Guan Yuntian's Changda Group, are the debt guarantors of Tianyuan Company. Both of their units have been dragged down by this bankrupt company, and naturally there will be unrest.

Few common topics.

Lao Ren thought that Guan Yuntian knew nothing about the situation, and he said: "No matter how big or small the company is, the quality and ability of the boss are so important! Lao Zhang, the chairman of Tianyuan Company, has a lot of authority in the company.

He does not have the judgment ability to make major decisions on his own. When the tire market is in crisis, it is a wise move to allocate some resources to explore other areas. However, he rashly entered the pharmaceutical industry without discussion by the board of directors. Logically speaking,

The pharmaceutical industry is a very good industry, but he made two mistakes. One was that he did not correctly evaluate the strength of Tianyuan Company, and the other was that the products he chose were inappropriate."

"Oh, you know so clearly? What does Tianyuan Company's choice of the pharmaceutical industry have to do with their own strength?" Guan Yuntian said.

"The pharmaceutical industry is a capital and technology-intensive industry and has very high requirements for corporate management. Tianyuan Company lacks these three points. First, their funds are not loose; second, Tianyuan Company was born in the tire industry, and had previously been in the pharmaceutical industry.

I don’t know anything about it. Although I can recruit technical talents from outside, Lao Zhang is reluctant to spend money and does not have enough trust in external talents. He cannot retain those technical experts who apply for the job; thirdly, in Tianyuan Company, Lao Zhang originally

In terms of management chaos, the pharmaceutical industry has higher requirements for corporate management, and he is even more at a loss what to do," President Ren said.

Guan Yuntian nodded in agreement, "Just now you said that the product they chose was inappropriate. Didn't they conduct market research in advance?"

"I don't know if they have conducted market research, but the antibiotic they chose is said to have a poor market prospect."

"Oh----, no wonder the backlog of funds is getting bigger and bigger!"

"This is only one side of the problem. The product selection is inappropriate. Logically speaking, we should generally consider switching production. However, Lao Zhang stubbornly believed that the unsaleable products were because the production scale was too small and the product prices were too high, so he made a desperate move and tried every means to raise funds.

Funds were used to expand the scale of production, but as a result, the capital black hole became larger and larger. Before the expansion was completed, the company's capital chain was broken, which eventually led to bankruptcy." Lao Ren understood what happened in more detail.

"When ICBC took out the loan to Tianyuan Company, didn't you conduct a detailed investigation? What was the purpose of their loan?" Guan Yuntian said.

"You know, we are a big bank, and our loan procedures are very formal. Our inspection and review of loan companies are very strict, and there are many procedures."

"During the whole process, didn't you find any clues about the hidden crisis in Tianyuan Company?" Guan Yuntian felt incredible.

"Although I did not personally conduct the loan review and inspection, our handling staff also have considerable work experience and found no clues. This can only mean that Tianyuan Company covered it up very well! Changda Financing Guarantee Company is providing them with

When guaranteeing, wasn't there a review and inspection process? Lao Chang probably didn't see any signs." There was some regret in Lao Ren's tone.

"Yes, Tianyuan Company has covered up its ugly side perfectly, and has deceived both the bank and the guarantee agency! In the final analysis, neither of us knows much about Tianyuan Company. If we were familiar with the situation, Changda Financing

guarantee company

No matter what, we will not provide guarantee for them!" Guan Yuntian said.

"That's right. If we hadn't seen the guarantee provided by Changda Group, ICBC wouldn't have been able to accept Tianyuan Company's loan application."

"Hey! It's too late to say this now. For now, let's see how to minimize the losses caused by this matter." Guan Yuntian said.

"According to the bankruptcy liquidation procedure, it is not yet the turn to pay off general claims."

"Yes, I have consulted the legal advisor of Changda Group. The settlement of general claims is the last step in bankruptcy liquidation. However, general claims involve the interests of the creditors, debtors and guarantees. Can we do something in advance?

Are you ready?"

"Now we can't contact Lao Zhang of Tianyuan Company. Without the participation of the debtor, the three parties cannot get together, so we can't prepare in advance!" Lao Ren said.

Guan Yuntian's purpose in finding Lao Ren was mainly to seek some kind of compromise between the guarantor and the creditor. "President Ren, the general creditor's rights appear to be the relationship between the creditor, the debtor, and the guarantor. In fact, they are ultimately contradictory.

It is still concentrated between creditors and guarantors. Therefore, before liquidating general debts, both of us can make some preparations in advance to see if we can find common interests. After all, Changda Group has had business dealings with ICBC for many years, and it is you who

"Gold Medal Customer." Guan Yuntiandao.

"Well, all in all Guan makes sense. We should try our best to avoid unnecessary losses to both of us. But where should we start talking about it?"

"We can imagine the repayment of general debts. After all the previous procedures are completed, the final step is to pay off general debts. As a creditor, ICBC filed a civil lawsuit against Tianyuan Company. The court ruled that the remaining assets of Tianyuan Company should be auctioned and used to pay off general debts.

To repay the bank loan. If their remaining assets are enough to repay the bank loan, everyone will be happy. Except for the bankrupt Tianyuan Company, neither the creditors nor the guarantor will suffer any losses."

"If so, that would be great!"

"The problem is that such a situation is almost impossible! First of all, ICBC is definitely not the only general creditor of Tianyuan Company. According to regulations, the remaining assets must be distributed to all creditors in proportion; secondly, as for the management and operation of Tianyuan Company,

I estimate that during the bankruptcy liquidation process, after dealing with the previous matters, they will have very few assets left. Even if they are all used to pay off ICBC's debts, I am afraid it will be a lot worse. In short, no matter whether these two situations occur,

Either way, as a creditor, you have to ask the guarantor to repay the bank loan for the debtor." Guan Yuntian said.

"According to the provisions of the guarantee agreement, if the debtor cannot perform its debts, the guarantor should bear the corresponding liability." President Ren said.

"In this way, the bank recovered the loan without any loss. It also received interest income before. However, the guarantor repaid the loan for the debtor. Not only did it not receive any income, but it lost a large amount of funds. How can this be done in the world?

That’s right! With such a loss-making business, who will be willing to provide guarantees for others in the future? Your bank’s loan business will probably not be easy to develop, right?"

"Although it makes sense, the loan conditions of any financial institution are stipulated in this way, and I have no right to change them, don't you think so?"

"What we are discussing now is not to change the loan regulations. No one has the right to do that. But the regulations are dead and the people who implement them are alive, right?" Guan Yuntian said.

"I don't understand what you mean. If you have something to say, you might as well say it directly."

"Transfer the loan from Tianyuan Company to the name of Changda Group.

Changda Group will repay the principal and interest. At the same time, after the court's decision, the part of Tianyuan Company's assets that should belong to your bank will also be assigned to Changda Group. President Ren, what do you think?"

After hearing these words, Lao Ren lowered his head and pondered for a long time. After five or six minutes, he raised his head and said inscrutably: "As expected of Mr. Guan, there are many ways. No wonder the outside world says you are dealing with difficult problems.

The master!"

"President Ren, whether you are praising or criticizing, just tell me whether you agree with this." Guan Yuntian waited for Lao Ren to express his position.

Lao Ren stared at Guan Yuntian with strange eyes, "This means that Changda Financing Guarantee Company does not have to bear the repayment obligation for Tianyuan Company?"

Guan Yuntian nodded, "But your bank didn't lose anything, right?"

"Although there is no loss, this does not comply with the regulations and is quite difficult to operate! Mr. Guan, you are posing a difficult problem for me!"

Guan Yuntian smiled and said, "Brother Ren, aren't we friends? Since we are friends, we should intervene at critical moments. I believe you will find a way."

"Oh, you make it easy. Do you know how risky it is to do such an illegal thing?" Lao Ren's face was full of reluctance.

"I know you need to worry about it. Who told us to be friends? I think back then, ICBC fell into the trap of Defat Refinery. The loan of 7 to 8 billion was about to become bad and bad debts. You asked us to invest in Defat Refinery and participate in it.

Their production expansion and transformation faced such huge risks at the time. Without saying a word, I took out 300-400 million yuan from Changda Group and invested it. In the end, I successfully solved the problem for you and retired from the Defa Refinery. Brother Ren,

Do you still have any impression of that incident?"

Guan Yuntian was not originally a person who wanted to settle old scores, but Lao Ren was talking to him in an official tone and was uncooperative. He tried to see the Changda Group's jokes and tried to make the Changda Group lose hundreds of millions of funds in vain. This was obviously not what a friend should do.

Guan Yuntian is very angry!

In addition to successfully resolving his old problems at the Defa Refinery, although Guan Yuntian had a better relationship with the president of the Agricultural Bank of China, he asked the Finance Department to treat all financial institutions equally in terms of business dealings. Over the years, Changda Group has also worked for

Fuyuan County Industrial and Commercial Bank of China has contributed a lot of profits, but has never had a breach of contract and is still their gold medal customer.

At this time, the institutions under the Changda Group encountered some troubles, but Lao Ren wanted to stand by and watch the excitement. Of course, Guan Yuntian would use words to hit him.

Of course Lao Ren would not forget that past incident, but when Guan Yuntian mentioned it again, he felt very unhappy. However, facing the Changda Group behind Guan Yuntian, he could only listen. What else could he do? Really

The relationship with Guan Yuntian is at loggerheads. If Changda Group transfers all its financial business in ICBC to other financial institutions, Fuyuan County ICBC will lose one-third of its profits every year. Lao Ren cannot afford such consequences.

!

"Don't mention the past. Don't worry. I didn't say it's completely impossible. I just said it's troublesome and involves certain risks." Lao Ren smiled awkwardly at Guan Yuntian.

"Brother Ren, don't worry. I, Guan Yuntian, am not that kind of person. I will not embarrass my friends with things that are too risky. First of all, can you tell me whether my plan is feasible?" Guan Yuntian said.

"Transfer the loan you guaranteed for Tianyuan Company to the name of Changda Group. Although it is more troublesome for us to operate, we have to say that such a coup is very clever! However, although we do not have to bear the responsibility of repaying the debtor
Chapter completed!