On Individual Repayment in Personal Bankruptcy

Abstract

The repayment of debts is the obligation of the debtor, but the repayment of individual debts before bankruptcy may be deemed to be revocable. Its purpose is to protect the debtor from malicious transfer of property in bankruptcy, and avoid the creditor's right to equal compensation due to the debtor's biased liquidation behavior. At the same time, however, some seemingly revocable acts and repayment acts in the danger period can be exempted from revocation. If the debt is repaid, the debtor's property will benefit and the debtor's life will be necessary. The situation that conforms to the basic principles and requirements of the personal bankruptcy legislation system is a supplement to the personal bankruptcy cancellation system, so as to achieve the balance of interests between individual creditors and other creditors who have not yet been repaid, and ensure that all creditors can pay their debts fairly.