Recently, the country's first personal bankruptcy settlement case was concluded, and personal bankruptcy debtors were exempted from more than 900,000 debts. It became a hot topic on the Internet and caused widespread heated discussions.
Personal bankruptcy reconciliation can exempt debts, so that debt repayment is no longer justified?
May even give birth to more "old men"?
Is it necessary to implement a personal bankruptcy system nationwide?
Recently, Xu Yangguang, a professor at Renmin University of China Law School and deputy director and secretary-general of the Bankruptcy Law Research Center of Renmin University of China, received an exclusive interview with the "China New Observation" column of Chinanews.com for interpretation.
Editor in charge: [Ji Xiang]