39 years ago today, October 17, 1986 (Calendar September 14, 1986), China's first officially declared bankruptcy enterprise began to repay the debt. On October 17, 1986, China's first officially declared bankruptcy enterprise, the former Shenyang City Explosive Equipment Factory, today began to repay the debt to the creditors, one hundred and twenty creditors can collect half of the debt. After Shenyang City Explosive Equipment Factory declared bankruptcy in August 1986, the relevant department composed supervisory committee cleaned up the assets of the factory, confirmed its liabilities to be more than 423900 yuan.