individuals cannot file for bankruptcy.

according to article 7 of the enterprise bankruptcy law of the people's Republic of China, the debtor may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation under the circumstances specified in article 2 of this law. If the debtor is unable to pay off the debts due, the creditor may apply to the people's court for reorganization or bankruptcy liquidation of the debtor.

if an enterprise as a legal person has been dissolved but has not been liquidated or has not been liquidated, and its assets are insufficient to pay off its debts, the person liable for liquidation according to law shall apply to the people's court for bankruptcy liquidation.

Extended information:

Relevant requirements for bankruptcy applications stipulate:

1. If a creditor files a bankruptcy application, the people's court shall notify the debtor within five days from the date of receiving 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.

2. 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 1 days from the date when the ruling is served.

3. If the debtor or the property holder of the debtor intentionally violates the provisions of the preceding paragraph to pay off the debt or deliver the property to the debtor, thus causing losses to the creditor, it shall not be exempted from the obligation to pay off the debt or deliver the property.

Baidu Encyclopedia-Enterprise Bankruptcy Law of the People's Republic of China