The Research On Prepackaged Bankruptcy

The prevention from bankruptcy is faced challenge by the problems of traditional reorganization and out-of-work. The problem of traditional reorganization in our country can be summarized as: time consuming, high costs, bad commercial effects; meanwhile,out-of-work cannot overcome the holdout problem. Prepackaged bankruptcy as a solution to those problems emerged in American in 1986. Through the analysis on the necessity,importance and the feasibility of prepackaged bankruptcy in our country, this paper gave some advises on the purpose of establishing prepackaged bankruptcy in our country, the bankruptcy course of prepackaged bankruptcy, disclosing adequate information, the person who can file prepackaged bankruptcy, the process of prepackaged bankruptcy, the confirm of prepackaged bankruptcy plan and the legal effect of the confirmed prepackaged bankruptcy plan.