Mon, 18 Sep 2023 China Legal Trends CJO Staff Contributors Team
In June 2023, the Shenzhen Bankruptcy Tribunal of the Shenzhen Intermediate People’s Court served a civil ruling to Liang Wenjin, the debtor in China’s first domestic personal bankruptcy case, declaring the case concluded and his outstanding debts discharged.
Mon, 04 Sep 2023 China Legal Trends CJO Staff Contributors Team
In June 2023, the Bankruptcy Tribunal of the Shenzhen Intermediate People’s Court published the “Guidelines on Handling Personal Bankruptcy Reorganization Cases”. At present, personal bankruptcy in China only applies in Shenzhen and nowhere else.
Sun, 07 May 2023 Insights Guodong Du 杜国栋
1,031 personal bankruptcy applications were filed in China during the first year of its implementation of the personal bankruptcy system.
Mon, 27 Jun 2022 China Legal Trends CJO Staff Contributors Team
In May 2022, to prevent the abuse of personal bankruptcy, Shenzhen issued the Opinions on Enhancing Individual Bankruptcy Filings and Reviews (加强个人破产申请与审查工作的实施意见).
Mon, 21 Feb 2022 China Legal Trends CJO Staff Contributors Team
In December 2021, Shenzhen Official Receiver’s Office (ORO) issued the “Shenzhen’s Interim Measures for the Registration and Disclosure of Personal Bankruptcy Information” (深圳市个人破产信息登记与公开暂行办法).
Sun, 16 Jan 2022 Insights Guodong Du 杜国栋
In 2021, Shenzhen Intermediate People’s Court granted Mr. Liang’s application for personal bankruptcy reorganization, marking the first of its kind in China.
Fri, 07 Jan 2022 China Legal Trends CJO Staff Contributors Team
In November 2021, Shenzhen issued the proposed “Shenzhen’s Administrative Measures for the Roster Management of Administrator of Personal Bankruptcy Cases (for Trial Implementation)” (深圳市个人破产案件管理人名册管理办法(试行)) for public comments.
Tue, 24 Aug 2021 China Legal Trends CJO Staff Contributors Team
In July 2021, Shenzhen Intermediate People's Court ruled to approve a personal reorganization plan, marking the first personal bankruptcy case ruled in China since the implementation of the “Regulation of Shenzhen Special Economic Zone on Personal Bankruptcy”.
Tue, 06 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, Shenzhen Intermediate People’s Court accepted five personal bankruptcy applications, which are the first batch of personal bankruptcy applications since the implementation of the “Personal Bankruptcy Regulation of Shenzhen Special Economic Zone” (深圳经济特区个人破产条例).
Thu, 13 May 2021 China Legal Trends CJO Staff Contributors Team
As of 31 Mar. 2021, Shenzhen had received 260 personal bankruptcy applications for the first month of the Regulation's implementation, among which eight were accepted with priority.