月入1.2万负债1.2亿，一对退休夫妻申请破产，法院：立案审查

Core Viewpoint - A couple in Shenzhen has filed for personal bankruptcy, declaring over 1.2 billion yuan in debt despite a combined monthly income of 12,000 yuan [1][3]. Group 1: Bankruptcy Case Details - The couple, Liu and Niu, are both retired, with Niu reporting a monthly income of 6,528.47 yuan and Liu 6,221.94 yuan [3]. - Niu owns two properties valued at 4.4 million yuan and has a bank balance of 22,096.2 yuan, while Liu has four commercial properties valued at 500,000 yuan, a vehicle worth 16,000 yuan, and a bank balance of 42,811.65 yuan [3]. - The total declared debt amounts to approximately 126.89 million yuan, with Niu's debt at about 54.09 million yuan and Liu's at approximately 72.80 million yuan [3]. Group 2: Legal Framework and Procedures - The Shenzhen Intermediate People's Court has accepted the bankruptcy application, with the case being registered for review on April 8, 2025 [4]. - The personal bankruptcy system in China was initiated with the implementation of the Shenzhen Special Economic Zone Personal Bankruptcy Regulations on March 1, 2021, which includes procedures for bankruptcy liquidation, reorganization, and reconciliation [5]. Group 3: Conditions for Bankruptcy Acceptance - The court outlines specific conditions under which personal bankruptcy applications may be rejected, including the debtor's ability to repay debts and the provision of accurate information regarding the debt [7][12]. - Debtors must demonstrate a loss of repayment ability that is unlikely to recover, and must provide reasonable explanations and documentation for their debts [8][9].