Necessity of the Establishment of Personal Bankruptcy System:Consideration on the Applied Scope of the New Bankruptcy Law

It does not accord with the international trend and the current needs of China for the new Bankruptcy Law excluding the personal bankruptcy.The Personal Bankruptcy Law has its own special value and efficacy.The re- search has illustrated that the establishment of the Personal Bankruptcy System does not only accord with the rules of the bankruptcy history and the trend of its current development,and also benefits the realization of the value of the bankruptcy system,and satisfy the needs of the development of social economy.It is important to perfect the system of the marked-based economy and achieve equal protection of different person.