Bankruptcy bank loans of the company shall be paid off in the order of ordinary bankruptcy claims. Article 113 of the Enterprise Bankruptcy Law of the People's Republic of China, after the bankruptcy expenses and beneficial debts are paid off, the bankruptcy property shall be paid off in the following order: (1) The wages, medical care, disability allowance and pension expenses owed by the bankrupt to the employees shall be recorded in the basic old-age insurance and basic medical insurance expenses of the employees' personal accounts, and the compensation payable to the employees according to laws and administrative regulations; (2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph; (3) Ordinary bankruptcy claims. If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion. The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise.

Second, what should I do if the bank fails?

China's housing loans are all in CCB, and China's financial system is state-controlled and will not go bankrupt, so don't worry. American banks used to be controlled by the market. After the US subprime mortgage crisis triggered the financial crisis, the United States also promulgated the Financial Management Law in May, which basically adopted China's financial management system. Since CCB has gone bankrupt, it will be handled by the People's Bank of China, so there is no need to worry about bank failure.

Third, what about bank loans when enterprises fail?

Measures to deal with bank loans when enterprises fail: first, they should be used. Then according to the wages owed by the bankrupt to the employees, the social insurance premiums owed by the bankrupt except the provisions of the preceding paragraph and the order owed by the bankrupt. If it is not enough to pay off the same order, it will be distributed in proportion.