Financing is the key component in the process of bankruptcy reorganization, because it matters whether these enterprises can get rid of the financial distress, maintain operating business, and get revitalized. restructured enterprises face difficulties in obtaining funds trhough traditional financing methods due to the loss of their own credit standing and the decrease of their solvency. Asset-Backed Securitization (ABS), on the other hand, is an asset-oriented and structural way of financing. It not only breaks through limitations of traditional financing, but also fits in with restructured enterprises, making it a new approach to solving financing difficulties of restructured enterprises. The asset securitization of restructured enterprises is special in comparison with general ABS, and the key issues such as credit enhancement, asset pool selection and bankruptcy isolation shall be solved well before the ABS can become an effective method of financing for the restructured enterprises.