Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.
Article 45 After accepting the bankruptcy application, the people's court shall determine the time limit for creditors to declare their claims. The time limit for filing creditor's rights shall be counted from the date when the people's court announces the acceptance of the bankruptcy application, and the shortest time shall not be less than 30 days and the longest time shall not exceed three months.
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.