In his report on the efforts of peoples courts on enforcement difficulties since 2016, before the National Peoples Congress (NPC) Standing Committee on 24 October 2018, Zhou Qiang, the Chief Justice and President of the Supreme Peoples Court (SPC), suggested four measures, including pushing forward establishment of a personal bankruptcy system and improving current bankruptcy law in force.
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The existing bankruptcy system covers the bankruptcy of enterprises as legal persons, but not bankruptcy of natural persons. When the Enterprise Bankruptcy Law was enacted, the legislature believed it was too early to legislate on personal bankruptcy. The suggestion of the SPC of legislation on person…
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