"The bankruptcy reorganization period can be extended after nine months.
 China's bankruptcy law does not stipulate the time of bankruptcy reorganization. Generally speaking, the time of reorganization is determined by the reorganization plan. In the process of reorganization, the insolvency representative may, under special circumstances, submit an application to the court to extend the time of reorganization. Generally speaking, the reorganization time is 2-3 years. Bankruptcy reorganization is not simply bankruptcy. Bankruptcy reorganization is a new system introduced by the Enterprise Bankruptcy Law. It refers to the business reorganization and debt adjustment of enterprises that may or have bankruptcy reasons but have the hope of maintaining value and regeneration, through the application of all stakeholders, under the auspices of the court and the participation of stakeholders. "
 Legal basis
 Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China, if an enterprise as a legal person is unable to pay off its debts as they fall due, and its assets are insufficient to pay off all its debts or are obviously lacking in solvency, its debts shall be liquidated in accordance with the provisions of this Law.
 An enterprise as a legal person may reorganize in accordance with the provisions of this Law if it is in any of the circumstances specified in the preceding paragraph or is likely to lose its ability to pay debts.