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In which cases shall the decision on the declaration of bankruptcy be terminated?

The head of civil enforcement agency shall decide to terminate the enforcement of a bankruptcy declaration decision in the following cases:

    • The enterprise declared bankrupt has no assets to be liquidated or divided;
    • The assets of the enterprise declared bankrupt have been completely distributed;
    • The head of the civil enforcement agency shall report the settlement of the bankruptcy case to the Court and notify the related individuals, agencies, and organizations of the termination of the enforcement of the bankruptcy declaration decision.

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