Latest Corporate Bankruptcy Law Learning Training Test Questions

Author: China Legal Publishing House
Publisher:
Publish Date: 2006-09-01
Features:
1. True or False Questions
1. China's "Bankruptcy Law" is only applicable to state-owned enterprises. ()
2. Bankruptcy cases are under the jurisdiction of the people's court at the debtor's place of residence. ()
3. Bankruptcy proceedings initiated in accordance with the "Bankruptcy Law" are only effective for the debtor's assets within the People's Republic of China. ()
4. If an enterprise legal person is unable to pay its due debts and faces bankruptcy reasons, the enterprise itself and its creditors have the right to file a bankruptcy liquidation application with the people's court. ()
5. The condition for an enterprise to apply for bankruptcy is that it suffers severe losses due to poor management and is unable to pay its due debts. ()
6. After receiving a bankruptcy application from the applicant, the people's court shall examine it in accordance with the relevant provisions of the bankruptcy law and decide whether to accept the case within 10 days. ()
7. After the people's court accepts the bankruptcy application, the debtor's individual payment to a creditor also has legal binding force. ()
8. After the people's court accepts the bankruptcy application, the debtor's debtor or property holder