On August 7, the association of bankruptcy administrators of Guangdong Province issued the white paper on bankruptcy administration of Guangdong Province (2022) (hereinafter referred to as the "white paper"). According to the white paper, in 2021, managers at all levels in the province received 7219 new bankruptcy and compulsory liquidation cases and completed 7067 cases, achieving a basically stable number of cases. The number of successful cases, the number of "zombie enterprises" cleared, and the number of "execution to breaking" cases all ranked first in the country. Among them, Guangzhou ranked first in the country in terms of "handling bankruptcy" indicators. Shenzhen took the lead in comprehensively piloting personal bankruptcy and became the first sample city in the country to explore cross-border bankruptcy judicial assistance. According to the white paper, managers at all levels in the province have actively applied simplified trial procedures to achieve "quick trial of simple cases and fine handling of complex cases", and improve the efficiency of case handling. Only in bankruptcy liquidation cases, 877 cases were settled through the fast track procedure, accounting for 47.6% of the number of cases settled in the same year. Last year, the number of bankruptcy cases handled by the provincial administrators was about 20, and the average handling cycle of the completed bankruptcy cases was increased from 25 months to less than 12 months, while the cases applying the rapid trial procedure were completed within 6 months. The reorganization of 55 private enterprises was successfully assisted. In the whole province, the number of bankruptcy and compulsory liquidation cases designated by the provincial courts was 7219 last year, a decrease of 5.45% compared with 2020. 7067 bankruptcy and compulsory liquidation cases were completed, a year-on-year decrease of 0.76%. The newly designated and settled bankruptcy cases are still mainly bankruptcy liquidation cases, followed by reorganization cases, and the number of reconciliation cases is the least. In terms of promoting the development of the private economy, the provincial managers helped 55 private enterprises, including 5 listed companies, successfully restructure and recover their vitality. In particular, the reorganization of a listed company in Shenzhen lasted only 31 days and achieved good social effects at a small cost. From the perspective of regional distribution, although the number of bankruptcy and compulsory liquidation cases accepted by the administrators of the whole province decreased slightly last year, the number of cases received by Guangzhou and Foshan showed a significant upward trend, with an increase of 669 and 234 respectively compared with 2020. The number of new cases received in Shenzhen except personal bankruptcy cases is basically the same as that in 2020, but the absolute number of new cases received and closed cases is still the highest in the province. The number of bankruptcy and compulsory liquidation cases accepted by the administrators of Zhanjiang and Shanwei also increased, with an increase of 78 and 6 respectively compared with 2020. In terms of the number of settlements, the number of settlements handled by managers in Guangzhou, Shenzhen, Foshan, Dongguan and other cities has increased significantly compared with that in 2020. Provide equal bankruptcy protection for all types of enterprises in March 2021, the Shenzhen Special Economic Zone personal bankruptcy regulations came into effect, and the personal bankruptcy system was officially launched in Shenzhen. The white paper points out that after the Shenzhen court's comprehensive application system for personal bankruptcy was officially put into operation, the Shenzhen bankruptcy court received 749, 130 and 64 applications for personal bankruptcy liquidation, reorganization and reconciliation in 2021 alone. The bankruptcy reorganization case of a certain person named Liang, who is the administrator of Guangdong Jingtian law firm, became the first case of personal bankruptcy in China after the implementation of the regulations. "Stiff