On The Establishment Of Chinese Personal Bankruptcy System

During the recent years, the appeal that China should establish the personal bankruptcy system becomes stronger and stronger, because of the development of Chinese economy and the perfect of legal system. Needless to say, personal bankruptcy is necessary to perfect Chinese bankruptcy system, contribute to establish harmony society and to keep the pace with international rules. It can effectively protect the rights of both of creditor and debtor and remedy the defect of civil procedure legal system. Meanwhile, this system could boast Chinese economy and protect consumers' rights, so as to keep the society from non-harmony. Furthermore, personal bankruptcy system and personal credit system rely on each other. At last, it is requested for China to establish this system.The relevant economic policy after Chinese reform and opening, the nowadays establishment and development of personal credit system, are all the basics realistically and theoretically of setting up this system. Person should have the qualification of bankruptcy for the jurisprudent reason. During the process of establishment, in order that personal bankruptcy system well...