On The Personal Bankruptcy System Legislation

With the social productive forces and the rapid development of science and technology, socio-economicprosperity of increasing market competition is increasingly fierce competition will inevitably lead to the survival of the fittest. Market competition in the role of the law of survival of the fittest, the bankruptcy of the world economies in the operation of the system. Looking at all the major developed countries of the Profiles bankruptcy system, and its scope of application of the bankruptcy law that contains all personal bankruptcy system. As a source of the bankruptcy system, it reflects the value system and the other is the idea of the implementation of the system can not be replaced. However, due to the bankruptcy of China's legal system originated in bankruptcy-owned enterprise system, personal bankruptcy for the vast majority of our people are strange.The attempt to subject foreign legislative experience and advanced integrated traditional Chinese culture, values and national conditions, China's economic and social development of the analysis of the status quo of China's personal bankruptcy system, the necessity and feasibility. From personal bankruptcy, will try individuals from bankruptcy proceedings in the system for the vertical separation of research on bankruptcy procedures in its application to the personal circumstances of the particular problems faced by the main issues and research into refining the features of personal bankruptcies in To understand and grasp the fundamental issues of personal bankruptcies on the basis of general characteristics of the overall personal bankruptcy and the value of independence, to build on our personal bankruptcy system from the system entities and procedures envisaged in the proposed legislation.