The Construction Of Personal Bankruptcy Institution In China

The development of consumer credit demand accelerates the further expansion of personal consumption,but brings the problem that person can not be paid. The existence of personal bankruptcy can effectively resolve the problem,but there is not personal bankruptcy in our country. And the research of personal bankruptcy in our country is little.Analysing the economic meaning of personal bankruptcy and constructing the appropriate personal bankruptcy in our country are the theme and objectiveness of the paper. The main contents of the paper are: first introducing the international practice of personal bankruptcy,second analysing the affecting factors of the personal bankruptcy, third expatiating the necessity of constructing personal bankruptcy from the economics point of view, bringing forward the imagine of constructing Personal Bankruptcy in our country in the end.The main structure is as follows: Chapter 1 is the introduction, expounding the background and significance of topics,researching evolution in China,researching thread,basic concepts and institutional arrangements. The chapter 2 introduces the modes of the personal bankruptcy system, and indicates two basic modes of personal bankruptcy: paying in existing asset and paying in intending asset. The chapter 3 analyses the affecting factors of the personal bankruptcy and the affection to credit market and macroeconomics, and discusses the influence of constructing personal bankruptcy in our country. The chapter 4 expounds the economic rationality of constructing Personal Bankruptcy from three aspects: maximize the social income,providing enough payment to creditor,the justice to creditor. The chapter 5 expounds the basic ideas of constructing the personal bankruptcy instruction in our country, presents the advice of the personal bankruptcy in our country after discussing the feasibility of personal bankruptcy in our country.The first innovation of this paper is analysing the personal bankruptcy from the point of economics. The paper explains that personal bankruptcy is superior to China's current system from the level of social welfare point of view. This paper summarizes the affecting factors and the affection of personal bankruptcy in American, and educes the revelation of constructing personal bankruptcy in our country. This is the second innovation. "The best Personal Bankruptcy" is the system that is adapt to our country ,this is the third innovation.