Bankruptcy at real estate giant – judge orders Evergrande to be dissolved.. As of: January 29, 2024, 10:55 a.m By: Lars-Eric Nievelstein CommentsPressSplit No real estate company in the world has accumulated as much debt as Ever grande.
The company owes creditors a record sum of more than $300 billion. This also affects more than 4,000 Chinese banks. A collapsing real estate market inevitably means more pressure on the banks.