Research on Court Intervention in Pre-reorganization

Abstract

The significance of pre-reorganization system lies in the connection between out-of-court reorganization system and in-court reorganization system. The validity of the reorganization agreement reached by the parties through negotiation at the stage of out-of-court reorganization can be directly extended to the reorganization procedure after being examined and approved by the court, and the relevant procedures can be omitted. However, the problem of the pre-reorganization system at this stage is that the court's interference in the pre-reorganization and reorganization stage will lead to the failure of the pre-reorganization system to play its full role, thus causing judicial waste. Therefore, the court should increase its own influence and intervene in the reorganization proceedings as required at the stage of submission of the pre-reorganization plan.