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Inhaltsangabe
Excerpt from Translation of the Chinese Bankruptcy Code of 1905
The Code, as will be seen, comprises 69 Articles, and while the English Bankruptcy Act of 1883 contains 170 sections and that of 1890 31 sections, apart from the various sets oi Bankruptcy Rules put into force under the provisions of those Acts, there is no doubt that the object of the advisers of His Imperial Majesty, although merely a beginning, was a laudable one - viz: to place on record for universal application in every Magistrate's yamen throughout the Empire a set of rules to cover the insolvency of its subjects, and the manner in which the debts of an insolvent might be adjudicated upon by a party appointed by the Creditors under the aegis of the Court, and the insolvent himself enabled, after discharge, to start again with a clean slate, instead of languishing for perhaps the remainder of his life in some foul cell.
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