Supreme People's Court: first-quarter corporate bankruptcy rises 28%

Bankruptcy law revised for two years not ideal this report (reporter Guo Eidi) Yesterday, the second Chinese Bankruptcy Law Forum held in Beijing, the Supreme People's Court Vice President Xi revealed that due to the impact of the financial crisis, the first quarter of the National court accepted bankruptcy cases rose 28%.　　Xi also revealed that China has an average of 800,000 companies out of the market each year, of which less than 0.5% filed for bankruptcy liquidation. The implementation of the revised bankruptcy law in the past two years is not ideal, the Supreme People's Court presiding Judge Chanxiao also mentioned in his speech that the High Court in the previous courts to accept bankruptcy cases and industrial and commercial statistics write-off of the number of enterprises found that only less than 0.5% of enterprises through bankruptcy procedures to exit the city often