The Study On Simple Bankruptcy Procedure

In judicial practice, there are many simple bankruptcy case.During the total amount of bankruptcy cases the debtor's property are often less and the facts are clear. The relationship between credit and debt are unequivocal. The numbers of creditors are less.If these simple bankruptcy cases also apply equally to ordinary bankruptcy proceedings is relatively more complicated, not only cause the waste of judiciary resources, also increase bankruptcy expenses. All these are not make for protect the party's rights and interests, contrarily reduce the reduce efficiency of insolvency proceedings.For these simple bankruptcy cases for these social needs, many provide a simple and small bankruptcy insolvency proceedings.China's current bankruptcy law does not provide simplified bankruptcy proceedings, can not meet the development demands of judicial practice.According to this practical experience of our judicial reference to other relevant legislation and the prevailing circumstances , Simple bankruptcy procedures were outlined in this article , for the academic controversy has also made some of the comments.The author believes that the summary of the proceedings is to maintain an expression of our judicial nature, while for the idea of building a harmonious society in China as a promotion.Good laws not only solve the people's legal problems, but to let more people find their own conditions of law. So it was written early in Simplified Proceedings Bankruptcy Law of China, has become a better hope for Chinese people.