The Enterprise Reorganization System

The West changes their theory of the liquidation and bankruptcy according to reconsidering past clear events to distinguish right and wrong and to considering the bankruptcy practice from 1970. Usually a business wants to continue operating, but needs to reorganize and liquidate debts. They formed Legal Enterprise Reorganization System to settle the many problems which the original bankruptcy could not settle. It needs a debt adjustment plan to keep the farm running. The Legal Enterprise Reorganization System is the Anti-bankruptcy system which is aim to rescue the enterprise with the border on the bankruptcy and to maintenance the enterprise, in a word, to give them a chance and possibility to recover. The topic will talk over the necessary and the importance of the Enterprise Reorganization System in terms of France and other country, and find the key of our country's Legal Enterprise Reorganization System, and in the same time, to eliminate the obstruction is also will be talk over in this topic.