Supreme Court: In 2021, courts across the country will conclude 732 bankruptcy and reorganization cases, and revitalize assets of 1.5 trillion yuan jqknews

Liu Guixiang, deputy ministerial-level full-time member of the Judicial Committee of the Supreme People’s Court, said in a series of all-media live interviews on the interpretation of the “Work Report of the Supreme People’s Court” held at the National Two Sessions in 2022 held on March 10. In 2021, courts across the country will conclude 732 bankruptcy and reorganization cases. 1.5 trillion yuan of assets have been revitalized, 745 companies with development prospects have been helped out of difficulties and 350,000 employees have stabilized their jobs, which fully reflects the important function of bankruptcy and reorganization to protect market players and employment.

Liu Guixiang pointed out that the Supreme People’s Court has always attached great importance to bankruptcy trials. Last year, new progress was made in bankruptcy trials in courts across the country. By improving the level of specialization and informatization in the trial of bankruptcy cases, the number of closed cases has continued to increase significantly. In 2021, more than 16,000 cases will be received and more than 12,000 cases will be closed, an increase of more than 20%. The trial cycle of cases has been greatly reduced from an average of 577 days in 2017 to 157 days, a decrease of 420 days.

“In terms of the concept of case trial, we have been emphasizing both ‘active rescue’ and ‘timely clearing’.” He said, on the one hand, for enterprises with no business prospects, bankruptcy liquidation is used to allow them to withdraw from the market in an orderly manner, so as to release and revitalize the economy in a timely manner. factors and resources, saving judicial resources and public management resources; on the other hand, give full play to the functions of bankruptcy reorganization and bankruptcy reconciliation systems, and timely rescue distressed enterprises with development prospects.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

Responsible editor: 92

Original title: Supreme Court: In 2021, courts across the country will conclude 732 bankruptcy and reorganization cases, revitalize assets of 1.5 trillion yuan