In practice

the pre-reorganization of Chinese enterprises gradually presents the characteristics of diversity in starting time

difference in starting reasons

and tendency of effectiveness expansion

etc. From the practical level

pre-reorganization procedure tends to turn to rules of formal bankruptcy procedures for reference. However

pre-reorganization is not a legal bankruptcy procedure in China

and in essence it does not have the function of bankruptcy distribution and debt settlement. Therefore

it should not be given the effect of centralized jurisdiction

suspension of litigation and suspension of execution. Using the starting time of enterprise pre-reorganization procedure as the retroactive time point for the bankruptcy critical period will give the starting of pre-reorganization procedure the effect as the starting point of bankruptcy revocation right.