An adjudication of bankruptcy made by court, resolution or decision made by the company in accordance with the Company Law or documents of ordering to close down issued by an administrative organ; 法院破产裁定、公司依照《公司法》做出的决议或者决定、行政机关责令关闭的文件;
The system of bankruptcy property is the core of the bankruptcy system, the basis of whether the bankruptcy procedure can still go on after the adjudication of bankruptcy and also the material guarantee for the bankruptcy creditor to accept payment through the bankruptcy procedure. 破产财团制度是破产制度的核心,是破产宣告后能否继续进行破产程序的基础,也是破产债权人得以通过破产程序接受清偿的物质保证。
The Legal Effects of Adjudication of Bankruptcy on Executory Contracts 破产宣告对于待履行合同的效力