| 英文摘要 |
The Judicial Yuan currently presents the draft of Debt Clearance Act, which brings about the greatest modification in 80 years since the bankruptcy legislation came into force. This draft, catering to the differences of natural person, private legal person and public legal person, has established separate debt clearance systems for each. Moreover, it also modifies the incumbent composition, bankruptcy and restructuring procedures while newly establishes debt clearance systems for public legal person and international bankruptcy system. To ensure all the aforementioned procedures can satisfy the purposes of this draft (optimizing and balancing the interests of creditors while restructuring the economy of debtors), this draft has drastically renovates the substantive and procedural debt clearance laws for composition, bankruptcy and restructuring. |
