In the "Enterprise Bankruptcy Law of the People's Republic of China", all the property belonging to the debtor when the bankruptcy application is accepted does not refer to personal property, but to corporate legal persons. If the employee housing of a bankrupt enterprise has signed a contract, paid the house payment, and has been renovated to an individual, it is not considered bankrupt property. Relevant laws and regulations are as follows:

"Enterprise Bankruptcy Law of the People's Republic of China"

Article 2

An enterprise legal person cannot pay off its due debts, and If the assets are insufficient to repay all debts or the debt is clearly lacking in repayment ability, the debts shall be liquidated in accordance with the provisions of this Law. If an enterprise legal person falls under the circumstances specified in the preceding paragraph, or is likely to lose its ability to pay its debts, it may be reorganized in accordance with the provisions of this Law.

Article 7

If the debtor falls under the circumstances specified in Article 2 of this Law, he may apply to the People's Court for reorganization, reconciliation or bankruptcy liquidation. If the debtor is unable to pay off its due debts, the creditor may apply to the People's Court for reorganization or bankruptcy liquidation of the debtor. If an enterprise legal person has been dissolved but has not been liquidated or has not been liquidated, and its assets are insufficient to pay off debts, the person who is legally responsible for liquidation shall apply to the People's Court for bankruptcy liquidation.

Article 30

All property belonging to the debtor when the bankruptcy application is accepted, as well as the property acquired by the debtor after the bankruptcy application is accepted and before the end of the bankruptcy proceedings, shall be the debtor's property.

Extended information:

"Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Enterprise Bankruptcy Cases"

Article 71 The following properties do not belong to bankruptcy property:

(1) The property of others that the debtor possesses and uses based on legal relationships such as warehousing, safekeeping, processing contracting, entrusted transactions, agency sales, borrowing, depositing, leasing, etc.;

(2) Mortgage property, lien, or pledged property, except where the obligee waives the priority right to be reimbursed or gives priority to repay the remaining portion of the secured creditor's right;

(3) Insurance money and compensation funds generated after the loss of the collateral property , compensation and other subrogations;

(4) Property with priority rights in accordance with legal provisions, except for the remaining portion of the obligee's waiver of the right to priority payment or priority payment of specific claims;

(5) In the sale of specific objects, the possession has not yet been transferred but the counterparty has fully paid the consideration;

(6) Property that has not yet processed for the title certificate or property transfer procedures but has been delivered to the buyer;

(7) Property for which the debtor has not acquired ownership in a sale with retention of title;

(8) Property whose ownership belongs exclusively to the state and cannot be transferred;

(9) ) property owned by the union of a bankrupt enterprise.

Article 81 If the employee housing of a bankrupt enterprise has signed a contract, paid the house payment, and transferred the housing to an individual, it shall not be considered bankrupt property. If housing reform has not been carried out, the liquidation team can apply to the relevant departments to handle housing reform matters and sell them to employees. If the conditions for housing reform are not met according to national regulations, or if the employee does not purchase a house during the housing reform, the liquidation team will handle it according to the actual situation.