Legal subjectivity:

A company cannot fail to repay bank loans if it goes bankrupt. If a bank loan is unsecured, it is an ordinary bankruptcy claim. The bankruptcy property will be paid off first after bankruptcy expenses, profit debts, arrears of employee fees, and arrears of taxes. If the bankruptcy property is insufficient to satisfy the repayment requirements in the same order, it shall be distributed in proportion. Legal objectivity:

Article 3 of the "Company Law of the People's Republic of China" A company is an enterprise legal person, has independent legal person property, and enjoys legal person property rights. The entirety of the company's property is liable for the company's debts. The shareholders of a limited liability company shall bear liability to the company to the extent of their subscribed capital contribution; the shareholders of a joint stock company shall bear liability to the company to the extent of the shares they subscribe for. Article 4 of the "Company Law of the People's Republic of China" Company shareholders enjoy the rights of asset income, participation in major decision-making and selection of managers in accordance with the law.