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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Controlling the action of some enterprises' avoiding the debt and protecting the creditor's interest of gaining fair payment is the basic problem needing to solve by the law of bankruptcy.

规制企业破产逃债行为，保护债权人公平受偿权是破产法亟需解决的基本问题。

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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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The terms of the GM bankruptcy gave us insight to how that can be accomplished, and only the Feds are powerful enough to bend the bankruptcy law so severely, much as the transactions of the GM bankruptcy could not be accomplished without heavy-handed Federal influence.

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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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