Research on the Exemption System of Personal Bankruptcy Residual Debt in China from the Perspective of Socialist Culture of Rule of Law

Abstract

With the development of commodity economy, loan consumption is becoming more and more common. Under this consumption mode, debtors are very likely to fall into the vicious circle of insolvency, which is a great obstacle to the development of individuals and society. The emergence of personal bankruptcy system has helped debtors get rid of debt difficulties and promoted a new cycle of social economy. The establishment of personal bankruptcy system is a correct way to conform to the historical trend. In the face of the vacancy of China's long-term personal bankruptcy system, this topic explores the basic way to construct the personal bankruptcy debtor's debt avoidance system in China by analyzing the obstacles to the establishment of personal bankruptcy in China, and analyzing the existing personal bankruptcy systems in the continental law system and the Anglo American law system. And based on the key historical node of the promulgation and implementation of the Personal Bankruptcy Regulations of Shenzhen Special Economic Zone, we pay attention to the real situation of the implementation of the regulations to discuss the construction of the debt avoidance system of personal bankruptcy debtors in China.