Bankrupt proceedings and points of attention

Updated: Mar 21, 2018 english.legalinfo.gov.cn Print

In accordance withpromulgated in 2006, liquidation, reconciliation and restructuring are stipulated to adapt to corporation quality. At present, Chinese individual is not suitable for bankrupting system. Only foreign-invested enterprise is endowed with quality of legal person, thus adapted to bankrupt proceedings to handle debt relations upon bankruptcy.




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