Generally speaking, there are several situations the bankruptcy procedure is ended: the debtor's property is insufficient to pay off the expenses for bankruptcy; the people's court accepts the application for bankruptcy, the debtor and all the creditors will deal with debt to reach an agreement; prior to the bankruptcy declaration, third people to provide sufficient security for debts or the debtor pay off all the debts due; declaration of bankruptcy pay off all the debts, the debtor bankrupt; no property available for distribution; the distribution of the bankruptcy property.
After the conclusion of the bankruptcy proceedings, the administrator shall report to the people's court in a timely manner, and submitted to the people's court ruling to terminate the bankruptcy procedure. The people's court shall within fifteen days upon receipt of the request manager to terminate the bankruptcy procedure, decide whether to terminate the bankruptcy procedure verdict. Ruling the termination, will be announced. With the conclusion of the bankruptcy procedure, the bankruptcy of enterprises subject to be destroyed, the remaining debt with negative loss; in addition to existing litigation or arbitration pending cases, managers on the next day after the deregistration completed terminates execution of duties; the creditor has not been assigned creditor deemed extinguished; but the bankruptcy of the guarantor and the other joint debtors, in the bankruptcy proceedings, the creditors under the bankruptcy liquidation procedure is not affected by the creditor's rights, continue to bear the liability according to law.

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