However, Qintex quickly proved to be on the brink of financial collapse, with their bid for the assets of MGM/UA Entertainment Co. failing, and entered chapter 11 bankruptcy in November 1989; their American operations had previously failed to provide timely payments to MCA Television (which Qintex had partnered with to distribute The New Leave It to Beaver) the month prior.
Qintex faced financial difficulties and ultimately entered chapter 11 bankruptcy in November 1989, following their unsuccessful bid for MGM/UA Entertainment Co.'s assets; their American operations had also failed to make timely payments to MCA Television (which they had partnered with for The New Leave It to Beaver) the month before.