The Protection of the Right and Interests of Small and Medium-sized Creditors in Corporate Bankruptcy under the Framework of Chinese Bankruptcy Law

Abstract

Protecting the interests of creditors is the key to improve the business environment of our country. However, the current law of our country is weak to protect the creditors. When an enterprise enters bankruptcy procedures, the game between creditors and enterprises exists at various stages of bankruptcy. However, the small creditors often have less voice in the creditors' meeting, and the large creditors have more decision-making power in the meeting, making the interests of the large creditors as the core in the meeting and causing serious damage to the interests of the small creditors. Based on the process of corporate bankruptcy, this paper analyzes the inadequacy of the protection of small creditors in each stage after corporate bankruptcy, and puts forward some suggestions for future amendment.