Research Partner Of Corporate Bankruptcies And Property Legal Issues

Around the world, first of all, bankruptcy proceedings apply to a nature person and then extended to the organization body gradually. But now, our bankruptcy system do not apply to a natural person, we have established a corporate bankruptcy system. In our county we have not bankruptcy legal system at first, and then with the development of our county we have it and gradually it improves greatly. Bankruptcy Law in China admits partnership bankruptcy capacity, but the partnership Bankruptcy Law is ambiguous to operation. Our partnership property consists of three parts, corresponding to the partnership bankruptcy property. Partnership bankruptcy property can satisfy the debts of the partnership. How to define the scope of the property with a partner, related to the partnership creditors, partners and creditors, and the legitimate interests of other related subjects. However, the current law is difficult to solve this problem, or it will inevitably affect China's socialist market economic order and stability. After the end of bankruptcy proceedings, the partners have to live, so free property system is vital to partners. Partnership Bankruptcy property distribution system is inadequate and it still needs to be improved.