First chapter general rule

First article for the standard enterprise bankruptcy procedure,fairly cleans up the creditor's rights debt, protects the creditor anddebtor's legitimate rights and interests, maintains the socialistmarket economy order, formulates this law.
The second article enterprise legal people cannot pay off the duedebt, and the property is insufficient to pay off the complete debt orobvious deficiently pays off the ability, according to according tothe text the law stipulated clears up debts.
The enterprise legal people have the down payment to stipulate thesituation, or has obviously loses possibly pays off the ability, maydepend on according to the text the law to stipulate carries onrallies.
The third article bankruptcy case has jurisdiction by the debtorresidence people's court.
The fourth article bankruptcy case tries the procedure, this lawstipulation, has not been suitable the civil procedure law the relatedstipulation.
Fifth article starts according to bankrupt procedure which accordingto the text the law, has an effect to debtor's outside People'sRepublic of China domain property.
The foreign country court makes the occurrence legal effect bankruptcycase decision, rules, involves debtor's in People's Republic of Chinadomain property, the application or requested the people's courtacknowledgement and the execution, the people's court concludes or theparticipation international convention according to the People'sRepublic of China, or defers to the reciprocal benefit principle tocarry on the examination, thought does not violate the People'sRepublic of China law the basic principle, does not harm the nationalsovereignty, the security and the social public interest, does notharm in the People's Republic of China domain creditor's legitimaterights and interests, rules the acknowledgement and the execution.
The sixth article people's court tries the bankruptcy case, mustlegally safeguard the enterprise staff's legitimate rights andinterests, legally investigated the bankrupt enterprise managesadministrative personnel's legal liability.