Research On Perfecting Bankruptcy Administrator Theory

Since Enterprise Bankruptcy Law of People`s Republic of China went into effect on June 1, 2007, the institution of administrator was introduced as an international practice, that is a influential transformation and a significant breakthrough in Chinese practice of Bankruptcy Law.The institution of administrator which is a part of the Bankruptcy Law will ensure the process of bankruptcy going well by introducing specialist in bankruptcy business to take over the management of debtor`s property and handle the corresponding affairs. The operation of bankruptcy procedure under the principles of just, equitable and effective depends upon the administrator of bankruptcy.This article will discuss the techniques of perfecting our country`s institution of bankruptcy administrator by surveying the institution`s patterns and deficiencies and analyzing the bankruptcy administrator`s legal status, methods of empanelling and working, responsibilities and methods of being censored. The aim of this article is to develop a new pattern trying to combine the official and non-governmental practice, which means a basic theory pattern of Chinese bankruptcy administrator institution. This article also gives the suggestions of setting up a group of professional bankruptcy administrators, founding the association, establishing administrative regulatory authority.