Ranking of tuition fees for postgraduate degrees at North China Electric Power University; Churchman University's MBA

Churchman University's MBA degree adds courses on reorganization and bankruptcy

The economic crisis brings unprecedented challenges to the job market, but at the same time, it also brings opportunities. There is currently a great shortage of professionals in finance, taxation, auditing, as well as in SME financing, restructuring, and bankruptcy protection. A responsible person from Churchman University stated, "Although Churchman University has a history of nearly a hundred years, our courses always remain at the forefront of the times." This time, the content of restructuring and bankruptcy courses has been strengthened in a timely manner in the BBA, MBA, EMBA, and DBA programs, allowing students to adapt more quickly to employment requirements upon graduation.

Bankruptcy reorganization refers to when a company’s liabilities exceed its assets, the management can file for bankruptcy reorganization with the court. Once approved, creditors cannot demand repayment from the bankrupt company. The law allows the management of the same enterprise to propose a reorganization plan to the creditors, which includes delaying debt repayment, stopping dividend distribution, suspending payment of debt principal, paying only interest, and reducing unsecured claims. Typically, creditors have no choice but to agree with the managers' reorganization plan. Because if the company immediately goes bankrupt and liquidates its assets, there may be little left of the company's assets. However, after restructuring, the company has the possibility of overcoming the recession period and generating substantial profits.

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