client June 2 (Li Jinlei) On June 2, the General Office of the Standing Committee of the Shenzhen Municipal People's Congress issued the "Shenzhen Special Economic Zone Personal Bankruptcy Regulations (Draft for Comment)". For natural persons whose social insurance has been in operation for three consecutive years and whose assets are insufficient to pay off all debts or obviously lack solvency due to production, operation and living consumption, bankruptcy liquidation or settlement shall be conducted in accordance with these regulations. Creditors who hold debts of more than 500,000 yuan to the debtor individually or jointly may apply to the people's court for bankruptcy liquidation of the debtor. The exemption inspection period is three years. When the exemption inspection period expires, the bankrupt may apply to the people's court to cancel the remaining debt.