Corporate Debt Restructuring

With the flourishing of our socialist market economy and rapid developmen of captical market, some enterprises are in difficult of temporary money need and hard to pay debt because of their interal management the outer environment. To apply bankruptcy to pay debts, it is not only having the complex law process but also will destroy the effective use of the resources,which will lead to the creditor suffering more loss.In order to make full use of the creditor's effective resources and regain creditor's rights at full scale, there is another kind of method to solve the dispute on creditor's rights and debt, thit is debt recombination.The publish of the rules of debt recombination, making standard for our country's accountant dealing princples and methods improving the dependable and authenticity. It has control function to solve the dispute on creditor's rights and debt, avoid enterprise bankruptcy and help enterprise be out of fiancial difficulties, and it assures creditor's profit too,so can make the recombination go step by step.But because the captical market development is not very consummate, estimate institution isn't perfect,the gain of equitable value is lack of fairness, so some companies,(esp. the listed companies) make recombination at end of year one after another,put the numrous recombination value into their own profit and reach their aim of being listed company and allotment of shares.By the way of combination of theory and living example, this article explores the basic theory about the debt recombination,surveys the debt recombination situation in our countryand analizes the existing questions and reasons about the apply,putting forward the suppose to perfect and apply the debt recombination standard on the base. This article creatively suggests to clearly identify the standard of "financial difficulty" and "give in" define the object and scope of the debt recombination fairly,to perfect the information showand and supervise,introducing comprehensive profit concept,the profit of debt recombination should be discharged,to perfect the information showand and supervise. Those advices have reality significance to perfect the and guide debt recombination.