legal ground
Article 10 of the Enterprise Bankruptcy Law of the People's Republic of China
Where a creditor applies for bankruptcy, the people's court shall notify the debtor within five days from the date of accepting the application. If the debtor has any objection to the application, it shall submit it to the people's court within seven days from the date of receiving the notice from the people's court. The people's court shall decide whether to accept the objection within ten days from the date of expiration.
Article 11
When the people's court accepts the bankruptcy application, it shall serve it on the applicant within five days from the date of making the ruling. If the creditor makes an application, the people's court shall serve it on the debtor within five days from the date of making the ruling. The debtor shall submit to the people's court a statement of property status, a list of debts, a list of creditor's rights, relevant financial and accounting reports, and the payment of employees' wages and social insurance premiums within 15 days from the date of service of the ruling.
Article 12
If the people's court decides not to accept the bankruptcy application, it shall serve it on the applicant within five days from the date of making the ruling and explain the reasons. If the applicant refuses to accept the ruling, he may appeal to the people's court at the next higher level within 10 days from the date when the ruling is served.