How does a company go through bankruptcy liquidation?

After the court judges a company bankrupt, it will, according to the stipulations of the Civil Law of PRC and the Law of Company Bankruptcy and other relevant civil procedures, organize the shareholders, related organs and other professionals to constitute a liquidating group, which will manage the process of bankruptcy liquidation. After distribution of all the insolvent properties, the court will make judgments and thus end the procedure of liquidation.