Research on the Procedure Construction of China’s Personal Bankruptcy System
DOI:
https://doi.org/10.54691/bcpbm.v38i.4150Keywords:
Pre-court reconciliation; Exit mechanism; Individual bankruptcy; Liquidation.Abstract
Nowadays, the establishment of a nationwide personal bankruptcy system as soon as possible has been a unified view in academic circles. However, the specific setup of this system and the connection and interaction of various supporting systems are still hot issues of academic controversy. From the initial exploration to the continuous prosperity of the local pilot works, the rich pilot experience provides a practical basis for theoretical research. At the same time, new reform trends and changes have emerged in the international frontier legislation. Therefore, this research attempts to give suggestions for the procedural design of the establishment of a national personal bankruptcy legal system in China. Drawing on new experiences and new models domestic and abroad, the selection of personal bankruptcy procedures should adhere to liquidation as the criterion, and attach importance to the role of reorganization, as well as maintain the stability of social and economic order and promote the development and improvement of the legal system.
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