Study On The Creditor’s Meeting System

The creditors’ meeting is essential to safeguard the interests of all creditors. With regard to the character of the creditors’ meeting,mainly have these theories,namely authority of the creditors’group,a collection of liberties group,free group, the highest authority of the bankruptcy estate and legal person. However, these theories all have unreasonable points.The new bankruptcy law has do some reasonable provisions for the terms of reference of the creditors’ meeting, Such as the provisions of the the creditors’agent system and the creditors’ committee system, but there are still some deficiencies, Mainly the lack of professionals to participate in the bankruptcy creditors ’meeting, the provision of69of the creditors’ committee system lacks reasonable, Workers creditor’s status and the right to vote at the meeting of creditors is not clear, and the resolution of the bankruptcy creditors’ meeting objections relief mechanism still need to improve, this need to be modified accordingly.