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In Landmark Case, Wenzhou Court Approves China’s First De Facto Personal Bankruptcy

2019年10月11日 21:02 来源于 财新网
Court ruling follows publication of government guidelines to promote system allowing individual bankruptcy
The need for some kind of individual bankruptcy framework has taken on added urgency amid the economic slowdown. Photo: VCG

A court in eastern China has made a landmark ruling in the country’s first de facto personal bankruptcy case, setting a precedent that could support government efforts to set up a system allowing millions of indebted individuals and their creditors to resolve their financial disputes.

版面编辑:喻竹杨洋

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