The Cognizance of Right of Recession in Insolvency Law

The system of Right of Recession stipulated in the new Insolvency Law needs all -dimensional interpretation in theory , then it can be applied accurately. The system of Right of Recession in Insolvency Law includes misconduct and discharge of debt towards individual creditors. The charitable contributions conforming t o the situation of recession in Insolvency Law should be recognized as misconduc t and be rescinded. The discharge of debt towards individual creditors should be specified and we can use the American legislation for reference.