1、The system of trustee in bankruptcy, as a brand new legal system, has a broad research and development space in legal theories and practice in China.
2、The procedure institutions mainly involve the application of simple procedure, the ascription of right of petition, the setting of trustee in bankruptcy and the exertion of reconciled procedure.
3、the other makes an assignment for the benefit of creditors, or a receiver, trustee in bankruptcy or similar officer is appointed to take charge of all or any part of the party's property or business or is adjudicated a bankrupt.
4、Atrustee in bankruptcy must be diligent and faithful in fulfilling bankruptcy affairs and accept the supervision by the People's Court, debtees' meeting and debtee Committee.
