Author(s)

Wang Yushan ¹

Affiliation(s)

¹ Law School, Xinjiang University of Finance and Economics, Urumqi, Xinjiang Uygur Autonomous Region, 830012, China

Corresponding Author

ABSTRACT

Bankruptcy reorganization system as a new attempt in the field of bankruptcy law has helped many enterprises to obtain regeneration. According to the current bankruptcy legal system and judicial practice, bankruptcy reorganization is distinguished into three different modes, namely, survival type, liquidation type and sale type, and the majority of the domestic reorganization practice has adopted the survival type reorganization system which retains the original enterprise shell. However, with the maturity of practice and theory, the sale type reorganization system, which does not stick to the form of retaining the shell of the original debtor's enterprise but focuses on saving the business of the insolvent enterprise in substance, has been gradually recognized. x Group's own situation is complicated, and the overall difficulty of insolvency reorganization is large, so the Group bases itself on the connection between the enterprises as well as the business situation, balances the interests of creditors of all parties, determines the optimal reorganization mode, delimits the precise scope of reorganization, and designs a well-thought-out reorganization model. The Group's complex situation, based on the connection with each enterprise and its business situation, balanced the interests of all creditors, determined the optimal reorganization model, delineated the precise scope of reorganization, designed a detailed plan, and carried out a standardized implementation so as to revitalize the Group, which is of great significance to the model of bankruptcy reorganization of large enterprises.

KEYWORDS

CITE THIS PAPER

Wang Yushan, Case Study on the Insolvency Reorganization of Group X. Science of Law Journal (2024) Vol. 3: 9-15. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030302.

REFERENCES

[1] Li Xiaohui, Jiang Yizhen, Bai Weichu. Analysis of bankruptcy reorganization model of X group and its inspiration [J]. China CPA, 2022:116-121.
[2] Hu Ping. The perfect combination of "sale-type reorganization + property rights trust" helps enterprise bankruptcy reorganization [N]. Financial Times, 2021-08-16(008).
[3] Cai Wanguang, Chen Zelin. Discussion on the Impact of Bankruptcy Reorganization on Creditors' Rights and Interests--Taking DW Company's Bankruptcy Reorganization as an Example [J]. Modern Marketing (Upper Decade), 2022, (06): 124-128.

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