2006中华人民共和国企业破产法英文版2.doc

中华人民共和国企业破产法英文版________________________________________ 2008-12-23 12:51:51 Law of the People's Republic of China on Enterprise Bankruptcy (2006) Order of the President of the People's Republic of China No. 54 The Law of the People's Republic of China on Enterprise Bankruptcy, which has been adopted at the 23rd meeting of the mittee of the 10th National People's Congress of the People's Republic of China on August 27, 2006, is hereby promulgated and e into force asof June 1,2007. Hu Jingtao, President of the People's Republic of China August 27, 2006 Law of the People's Republic of China on Enterprise Bankruptcy (2006) (Adopted at the 23rd meeting of the mittee of the 10th National People's Congress of the People's Republic of China on August 27, 2006) Table of Contents Chapter I General Provisions Chapter II Application and Acceptance Section I Application Section II Acceptance Chapter III Custodian Chapter IV Assets of Debtors Chapter V Bankruptcy Expenses munity Debts Chapter VI Declaration of the Creditor's Rights Chapter VII The Meeting of Creditors Section mon Provisions Section mittee of Creditors Chapter VIII Rectification Section I Application for and Period of Rectification Section II Formulation and Approval ofa Rectification Plan Section III Implementation ofa Rectification Plan Chapter IX Reconciliation Chapter X Bankruptcy Liquidation Section I Bankruptcy Declaration Section II Conversion and Distribution Section III Termination of the Procedures for Bankruptcy Chapter XI Legal Liabilities Chapter XII Supplementary Provisions Chapter I General Provisions Article 1 The present Law is formulated to regulate the procedures of enterprise bankruptcy, fairly liquidate the credits and debts, safeguard the legitimate rights and interests of creditors and debtors and maintain the market order of the socialist economy. Article 2 Where an enterprise legal person fails to pay off its debts, and that if its assets are not enough to pay off all the debts or if it is