The right of setoff in law of bankruptcy is based on the seto ff of obligation in civil law, thereby it has some characteristics of that in ci vil law.

破产法上的抵销权源于民法中债的抵销权，故具有民法抵销权的一些特征。

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The law of bankruptcy lays particular emphasis on protecting creditor' s rights after what has happened. It is a kind of mending skill after the heavy lost of creditors.

《破产法》对债权人权益的保护侧重事后，是在债权人权益已经遭受很大损失的前提下的一种亡羊补牢之术。

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The original law and regulations have gradually presented defects, so that the creditors are difficult to get fair pay, this can be only solved by perfecting the law of bankruptcy.

原有破产法律规范已逐渐显出不足，债权人难以获得公平清偿。

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The 2005 law, a set of amendments to bankruptcy law passed in 1978, was precipitated by a concern among lawmakers that the bankruptcy system was too lenient and was being abused, observers say.

CNN: Jury still out on bankruptcy reforms

But a new obstacle has arisen: Congress has approved two bills whose effect is to reverse the recent repeal of a bankruptcy law which favoured debtors at the expense of banks.

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As U.S. equity markets and corporate balance sheets continue their remarkable comeback from the financial crisis that began in 2008, the recently announced merger between American Airlines and US Airways reminds us of the critical role that U.S. bankruptcy law, represented by Chapter 11 of the U.S. Bankruptcy Code, has played in the ongoing economic recovery.

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