Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.
Article 30 The property belonging to the debtor when the bankruptcy application is accepted, and the property acquired by the debtor after the bankruptcy application is accepted and before the end of the bankruptcy procedure are all the property of the debtor.
Article 107 If the people's court declares the debtor bankrupt according to the provisions of this Law, it shall serve it on the debtor and the administrator within five days from the date of ruling, notify the known creditors within ten days from the date of ruling, and make a public announcement.
After the debtor is declared bankrupt, the debtor is called bankruptcy, the debtor's property is called bankruptcy property, and the creditor's rights enjoyed by the people's court when accepting the bankruptcy application are called bankruptcy claims.