Article 125 an enterprise ' s director , supervisor or senior officer whose breach of his duty of loyality and care causes the bankruptcy of the enterpsie shall be held civilly responsible 第一百二十五条企业董事、监事或者高级管理人员违反忠实义务、勤勉义务，致使所在企业破产的，依法承担民事责任。
This thesis is to focuses on the insolvency of affiliated companies and the legal system concerning their insolvency to provide reference for the perfection of related legal regulations and laws 就关联企业给法律界提出的新课题? ?关联企业破产问题和破产法律制度，本文对之加以探讨，以期为相关法律的完善提供参考。
Where the superior departments in charge of the bankrupt enterprise bear the major responsibility for the bankruptcy of the enterprise , administrative sanctions shall be applied to the leaders of such superior departments in charge 破产企业的上级主管部门对企业破产负有主要责任的，对该上级主管部门的领导人，给予行政处分。
Article 117 where the property of the partnership enterprise is not sufficient to liquidate debts due , the peoples court shall declare the partnership enterprise bankrupt , and meanwhile declare all partners bankrupt 第一百一十七条合伙企业的财产不足以清偿到期债务的，人民法院应当在宣告合伙企业破产的同时，宣告全体合伙人破产。
But , where the partner has provided property which is sufficient to pay off all debts of the partnership enterprise , the peoples court will not declare all the partners bankrupt while declare the partnership enterprise bankrupt 但是，合伙人已经提供财产，足以清偿合伙企业的全部债务的，人民法院在宣告合伙企业破产时，不宣告全体合伙人破产。
In usual situation it refers to a process including slight finance difficulty , the bankruptcy and all kinds of situation between them . in the empirical research , the listed companies always become the object of the researchers in our country 大多数学者将其定义为一个过程,既包括较轻微的财务困难,也包括极端的企业破产清算以及介于两者之间的各种情况。
High debt level of the enterprise results in the strategic advantage over the product competition , but under the demand uncertainty , the demand shock made all partners raise their debt level and lead them strapping into the " prisoner ' s dilemma " 但在不确定性需求下，需求的波动将会使企业都选择高负债的资本结构，企业陷入了提高负债的“囚徒困境” ，从而使得企业破产风险增大。
The basic clue of this article is as follows : firstly , in the light of literature summary , we point out the limitations of existing studies that investigation of enterprise bankruptcy is seldom put in a complete fresh perspective ( contingent governance ) 本文的研究进路是,首先进行文献综述,指出既有研究的不足主要是较少将企业破产问题放在一个全新的视域(如相机治理视域)来进行考察。
