Assets of insolvent enterprises and cooperatives include what?

According to the provisions of Article 64 of the Law on Bankruptcy 2014, the assets of an insolvent enterprise or cooperative include:

- Assets of an insolvent enterprise or cooperative include:

+ Assets and property rights the enterprise or cooperative possesses at the time the People's Court decides to commence bankruptcy proceedings;

+ Assets and property rights acquired after the People's Court issues a decision to commence bankruptcy proceedings;

+ The value of secured assets exceeding the secured debts that the enterprise or cooperative must pay to the secured creditor;

+ The value of land use rights of the enterprise or cooperative as determined according to the provisions of the law on land;

+ Assets recovered from the act of concealing or dispersing assets of the enterprise or cooperative;

+ Assets and property rights recovered from void transactions;

+ Other assets as prescribed by law.

- Assets of insolvent private enterprises, general partnerships include:

+ The assets as mentioned above;

+ Assets of the owner of the private enterprise, general partners not directly used in business activities; in case the owner of the private enterprise, general partners have joint assets, the portion of assets of such owner or general partners shall be divided according to the provisions of civil law and relevant legal regulations.

Additionally, it should be noted that in the case of a cooperative declared bankrupt, the handling of indivisible assets is carried out according to the provisions of the law on cooperatives.

Above is the response regarding the assets of insolvent enterprises and cooperatives. You may refer to further information on this issue in the Law on Bankruptcy 2014.

Sincerely!