Research On Selling Bankruptcy And Reorganization System

The value of the bankruptcy and reorganization legal system was to rectify the creditor's rights and debts of difficult companies and to get them out of financial difficulties and regain their production and management capabilities.However,China's enterprises generally suffer from low leverage due to high leverage.At the same time,they have not yet established a sound system of bankruptcy,resulting in high reorganization costs and inefficiencies.As a result,companies often choose to “walk” instead of reforming in the face of operational difficulties.To save business operations and cause major losses to society and economy.As one of the important modes of bankruptcy and reorganization,the sale-type bankruptcy and reorganization has been highlighted in recent years by the great success of the reorganization cases of Chrysler and General Motors of the United States,highlighting its unique economic value and becoming the first choice for corporate restructuring in Western countries.Compared with the traditional survival bankruptcy and reorganization model,the sale-type bankruptcy reformation can be effectively embedded in the overall corporate system in China because it is easy to attract investment,low cost,and high efficiency.It can save the business faster and better and balance bankruptcy parties.Benefits protect the creditors ' overall interests.The first chapter of this article is the introduction part,briefly introduces the research background and significance of this article,domestic research on the status quo of selling bankruptcy and reorganization,and lists the research methods of this article.The second chapter is a general exposition of the concept of the sale and bankruptcy reorganization system.It contrasts the concept of the sale and bankruptcy reorganization system with the traditional survival bankruptcy reorganization system.Because there are similar behaviors of the sale of corporate assets,it is necessary to distinguish between it and bankruptcy.Differences in liquidation system.The third chapter analyzes the reasons why the difficult enterprises are unwilling or unable to reform from the domestic status quo,and discusses the great economic value applicable to the sale-type bankruptcy reorganization in our country from the aspects of easy attraction of investment and easy reorganization plan.The fourth chapter puts forward the practical problems such as the lack of ideas for the specific application of the sale-type bankruptcy and reorganization system,the lack of judicial system of reorganization and bankruptcy reorganization and the risk of bankruptcy fraud.Chapter 5 introduces the U.S.rules for the sale of bankruptcy and reorganization,introduces the reorganization of Chrysler and GM,and summarizes the new features of the U.S.sale-to-bankruptcy reform and the judicial review standards of the court.Based on the analysis of the previous chapter,the sixth chapter puts forward that through the introduction of the procedural regulations for the application of the bankruptcy and reorganization system in China,perfecting the procedures for reconstructing program opposition and avoiding the integrity of the three parts of bankruptcy fraud Bankruptcy reorganization system.