Predicaments Of Victim-offender Conciliation System In China And Its Solutions

The new bankruptcy law of China would have been the first time to expand the scope of the insolvency of all corporate enterprises, but still mean that the existing laws are still only allowed to corporate bankruptcy, to natural and as general civil entities with the insolvency of natural persons not eligible. In China, the 135th of the bankruptcy law, liquidation of other organizations outside the corporate provided by other laws as bankruptcy liquidation, in the light of the provisions of this law is applicable procedures. After the bankruptcy of individual-owned enterprises and the partnership enterprises, the man should be responsible to debt of settlement enterprise with all its property, if whose property insufficient to satisfy the debt, they are on the same issues facing bankruptcy. In China, the lack of practical personal bankruptcy system is incomplete. Therefore, China's market economy development of an objective need, China should expand the eligibility of the main part of insolvency law, establish and improve the personal bankruptcy system.