Supreme People’s Court, Provisions on Several Issues Concerning the Application of the «PRC Enterprise Bankruptcy Law» (1)
最高人民法院关于适用《中华人民共和国企业破产法》若干问题的规定（一）
First SPC interpretation on the Enterprise Bankruptcy Law.
Issue: October 2011
CLP Reference: 2500/11.09.09
PRC Reference: 法释〔2011〕22号
Promulgated: 09 September 2011
Effective: 26 September 2011
Keywords (click to search):
bankruptcy
insolvent
people's court
debt
creditor
debtor
Promulgated: September 9 2011
Effective: September 26 2011
Main contents: The Interpretation clarifies the issues concerning the determination of reasons for bankruptcy to facilitate the implementation of the Enterprise Bankruptcy Law. According to Article 1, if a debtor is unable to discharge a debt that is due and payable, and its assets...
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