Can bankruptcy liquidation be suspended or terminated?

When the creditors of a bankruptcy case indicate that execution can be postponed, the bankruptcy liquidation can be suspended; The outsider raises legitimate objections to the subject matter of execution; The bankrupt company has not yet determined the successor of rights and obligations; If the people's court considers that execution should be suspended, it may suspend execution.

legal ground

Before the bankruptcy is declared in Article 108 of the Enterprise Bankruptcy Law of the People's Republic of China, the people's court shall make a ruling to terminate the bankruptcy procedure and make an announcement: (1) the third party provides full guarantee for the debtor or pays off all debts due for the debtor; (2) The debtor has paid off all due debts. Article 120 If the bankrupt has no property to distribute, the administrator shall request the people's court to make a ruling to terminate the bankruptcy proceedings. After the final distribution is completed, the administrator shall promptly submit a report on the distribution of bankruptcy property to the people's court and request the people's court to make a ruling to terminate the bankruptcy proceedings. The people's court shall, within fifteen days from the date of receiving the request of the administrator to terminate the bankruptcy proceedings, make a ruling on whether to terminate the bankruptcy proceedings. If the ruling is terminated, it shall be announced.