liquidate debt meaning in Chinese
偿清债务
Examples
- The plan for liquidating debts recognized by the creditors conference is binding to both parties
经债权人会议认可的偿债计划，对双方当事人具有约束力。 - Article 117 where the property of the partnership enterprise is not sufficient to liquidate debts due , the peoples court shall declare the partnership enterprise bankrupt , and meanwhile declare all partners bankrupt
第一百一十七条合伙企业的财产不足以清偿到期债务的，人民法院应当在宣告合伙企业破产的同时，宣告全体合伙人破产。 - The bankrupt person provided in the proceeding paragraph may draft a plan for liquidating debts after the conclusion of the bankruptcy case and present it to the creditors conference for recognition before the conclusion of
前款规定的破产人，可以就破产案件终结后的债务清偿，拟订一份偿债计划，在破产案件终结前，提交债权人会议认可。