Bankruptcy reorganization,as an important bankruptcy protection procedure,aims to save distressed enterprises and maximize the interests of all parties involved.However,there are various conflicts of interest in the bankruptcy reorganization process,such as those between creditors and debtors,among different types of creditors,and between shareholders and creditors.If these conflicts are not properly resolved,they will severely affect the smooth progress of bankruptcy reorganization.This article discusses in depth the manifestations and causes of conflicts of interest in bankruptcy reorganization procedures,as well as their impact on bankruptcy reorganization.It proposes principles and specific measures for achieving interest balance,including improving bankruptcy reorganization laws and regulations,establishing and improving interest coordination mechanisms,strengthening information disclosure systems,and ensuring creditors'participation and decision-making rights.By reasonably balancing the interests of all parties,it is conducive to improving the success rate of bankruptcy reorganization,promoting stable economic development,and ensuring effective allocation of social resources,providing references and lessons for the improvement of China's bankruptcy reorganization system.
bankruptcy reorganizationinterest balancecoordination mechanismconflicts of interest