Bankruptcy reorganization by Sale: a comparative study from a global perspective

This article aims to explore the sale bankruptcy reorganization system, an increasingly prominent corporate bankruptcy solution in the global economic environment. With market volatility and economic integration, the risk of bankruptcy for enterprises has increased, making sale bankruptcy reorganization an important legal and economic issue. By analyzing the urgent needs of enterprise bankruptcy reorganization under the background of global economic changes, this paper emphasizes the important role of bankruptcy reorganization for sale in the redistribution of resources, the protection of creditors' interests and the maintenance of market order, discusses the theoretical basis of bankruptcy reorganization for sale, and analyzes the importance of bankruptcy reorganization for sale in the improvement of legal system, economic efficiency and social stability. This paper reveals the diversity and characteristics of different countries and regions in the implementation of sale-type bankruptcy reorganization system, and provides valuable experience and enlightenment for China's local legal policy formulation and legal practice.