公司因不能清偿到期债务,被依法宣告破产;
The company is announced bankruptcy in accordance with the law for failing to pay off its debts;
第七条债务人不能清偿到期债务,债权人可以申请宣告债务人破产。
Article 7. Where the debtor is unable to repay debts that are due, the creditors may file to declare the debtor bankrupt.
第七条债务人不能清偿到期债务,债权人可以申请宣告债务人破产。
Article 7 Where the debtor is unable to repay debts that are due, the creditors may file to declare the debtor bankrupt.
That means that if you fail to pay on the loan, the property is taken by the lender to satisfy your debts.
这意味着如果你不能偿付贷款,这项资产会归债权人所有以清偿你的债务
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