Research On China’s Bankruptcy Revocation System

China’s bankruptcy revocation system is an important part of the bankruptcy system,which aims to protect the legitimate rights and interests of debtors and prevent unnecessary losses to debtors in the bankruptcy process.China’s bankruptcy trial practice is closely linked to national economic policies and requires the use of bankruptcy trials to achieve service-oriented bankruptcy and guarantee supply-side structural reform.However,in cases of business difficulties,some debtors may take unreasonable actions,such as prioritizing the repayment of certain creditors,engaging in unreasonable transactions,or transferring property.These behaviors may lead to general creditors suffering from overall losses.Therefore,we need to prevent and punish such behaviors through the bankruptcy revocation system to ensure the effectiveness of bankruptcy trial practice.In the development of China’s bankruptcy law theory,legislation,and judicial practice,this system has undergone some twists and deepening processes.Currently,the current bankruptcy law and relevant judicial interpretations still have considerable room for improvement in the provisions of the bankruptcy revocation system,and the function of this system has not been fully utilized.Based on this,this article takes China’s bankruptcy revocation system as the research object,starting from the basic theory of the bankruptcy revocation system,expounding the concept,nature,value,and practical significance of the bankruptcy revocation system,and then proposing some improvement suggestions by analyzing the problems existing in China’s bankruptcy revocation system in practice.