On Protective Function Of Bankruptcy Reorganization

In economic crisis it has occasionally happened that chain bankruptcy caused by a single corporation's bankruptcy influenced others through global industrial chain and financial chain. Though probably these are some scope differences between finance authorities and common companies, the influence arising from common companies could be very large to make other companies bankrupt in chain. The precaution on process of reorganization helps avoiding chain bankruptcy, for its simpler initiation and variety of participation. Reorganization shall be chosen in priority to tackle bankruptcy cases, but if it is improper, it shall be terminated as quickly as possible to protect the property of the debtors. Both of them function during coping with the bankruptcy cases. Besides, Bankruptcy Law preserves debtors'assets to help reviving from death, finally reorganization standards, processes, and activities, though it's more focuses on the protection of business debtees. Based on the purpose of perfecting the industries, it's necessary to distinguish whether the corporation should be saved, but not always trying this way, which is against economic growth.