Generally, the time required for the bankruptcy process of a company is not fixed, which may be several months, and the complicated situation may take several years to complete. The bankruptcy of a company is a long and tedious process from application to liquidation to execution, and there is no specific regulation on when it will be completed.

Second, analyze the details

The debtor or the administrator shall submit the draft reorganization plan to the people's court and the creditors' meeting at the same time within six months from the date of the people's court ruling on the debtor's reorganization. At the expiration of the statutory time limit, the people's court may order an extension of three months upon the application of the debtor or the administrator and with justifiable reasons. If the debtor or the administrator fails to submit the draft reorganization plan on time, the people's court shall rule to terminate the reorganization procedure and declare the debtor bankrupt.

Third, the bankruptcy process of the company.

1. Creditors or debtors apply to the court for bankruptcy;

2. The people's court ruled and declared the enterprise bankrupt according to law, and the enterprise officially entered the bankruptcy procedure;

3. After the enterprise enters bankruptcy proceedings, the people's court shall set up a liquidation group within 05 days from the date of announcement. The liquidation group is appointed by the people's court and the people's government at the same level, and is composed of lawyers, accountants and other professionals;

4. After the liquidation group is formally established and stationed in the bankrupt enterprise, the liquidation group will officially replace the bankrupt enterprise to operate in its own name and take over the bankrupt enterprise in an all-round way;

5. Audit and evaluation institutions audit the financial affairs of enterprises, evaluate the assets of enterprises, determine the asset-liability ratio and property value of enterprises, and provide a basis for the next property disposal;

6. The liquidation group shall define the ownership, divide the scope and register the property of the bankrupt enterprise;

7. Due to the bankruptcy liquidation of the company, the creditor's rights may not be paid off, or the proportion paid off is extremely small;

8. Cancel the registration of the original bankrupt enterprise, request the court to terminate the bankruptcy procedure, and the liquidation group will formally cancel it. Bankruptcy liquidation procedures of bankrupt enterprises have officially ended.