Receivables enforcement and asset disposal for a major manufacturer
Anonymised case · Professional reference
Background and challenges
A major manufacturer held several effective judgments covering receivables totalling tens of millions of yuan. Hidden debtor assets and procedural obstacles had prevented recovery for years, seriously affecting cash flow and working capital.
Approach and implementation
The team redesigned the recovery strategy around enforcement. Judicial data analysis and field investigation located factory equipment and receivables transferred through related companies. The team addressed third-party objections and enforcement litigation, helping the court resume auction proceedings. Asset-specific realisation strategies combined judicial auctions with negotiated disposal.
Outcomes
Key assets were successfully sold at auction, recovering tens of millions of yuan for the client. Remaining claims were settled through transfers of assets in lieu of payment. The overall recovery rate exceeded 80%, closing the gap between a judgment and cash recovery.
Lessons for international cooperation and governance
The approach can extend to cross-border asset identification, overseas recognition and enforcement, and international judicial assistance, providing an operational framework for cross-border debt recovery and asset disposal.