Legal basis: Article 77 of the Enterprise Bankruptcy Law of the People's Republic of China. During the period of reorganization, the debtor's investors may not request the distribution of investment income. During the period of reorganization, the directors, supervisors and senior managers of the debtor may not transfer the shares of the debtor held by them to a third party. However, except with the consent of the people's court. Article 78 During the period of reorganization, under any of the following circumstances, the people's court shall, at the request of the administrator or interested party, make a ruling to terminate the reorganization procedure and declare the debtor bankrupt: (1) The debtor's business and property conditions continue to deteriorate, and there is no possibility of saving it;
(2) The debtor commits fraud, maliciously reduces the debtor's property or other acts that are obviously unfavorable to creditors; (3) The administrator is unable to perform his duties due to the debtor's behavior.