As the sub-prime loan crisis occurred with the increasing trade between the U.S. and China, many U.S. companies have not been able to pay for the products and services provided by their Chinese suppliers. The amount of this unpaid debt/bad loan has reached to a significant level, and it has severely affected the operation of numerous Chinese exporters, of which many went to bankruptcy.

As a well-established Chinese law firm based in Shanghai,China, we closely collaborate with U.S. law firms to help these Chinese companies collect their debts. We will hold a series of seminars in September and October for Chinese exporters in Zhejiang, Jiangsu and Shanghai to share the current status of debt collection process.

To prepare for these seminars, we would like to get your comments and suggestion for the following questions. Thanks in advance!

1.       Why U.S. companies failed to pay their Chinese suppliers:

a.       lack of financial resources

b.       simply not willing to pay

c.       other

2.       measures taken by the Chinese companies:

a.       legal actions against the U.S. companies

b.       Doing nothing due to complicated and expensive legal processes

c.       other

3.       current situation of the Chinese companies:

a .conducting business as usual

b. bankrupted

c. other

4. the U.S. companies are mainly located in:

   a . East coast

   b. West coast

   c. other

5.Your suggestion or comments:

If you know Chinese companies affected by the bad loan, or you are interested in this issue, please feel free to contact us.

Shen, Linchang

Shanghai Promise Law Firm

Email: yzslc@yahoo.com.cn

Skype: charlie_soas

MSN: yzslc@hotmail.com

Mobile: 0086-15000355201

www.puruo.com