With the help of rich experience in the field of financial business, Wisdom formally established the bankruptcy and restructuring Department in early 2017, focusing on the legal service such as the dissolution and collection of enterprises, bankruptcy liquidation, bankruptcy reorganization, bankruptcy reconciliation, compulsory liquidation, bankruptcy application, debt declaration, mergers and acquisitions of distressed enterprises, resettlement of employees of state-owned enterprises and so on.

The bankruptcy and restructuring department integrates more than 30 professional lawyers in the fields of company, finance, civil and commercial, non-performing assets, real estate, intellectual property rights, and tax law to form a bankruptcy business team, which can form a work team in time according to the actual situation of the case. At the same time, the bankruptcy and restructuring department is committed to strengthening the capacity building of the bankruptcy administrator, and has established various systems such as learning exchange plans, personnel assessment systems, and business incentive mechanisms to effectively improve the quality and ability of team members and stabilize team members.

Since its establishment, the bankruptcy and restructuring department has handled more than 30 bankruptcy projects, involving industries such as real estate, construction, agriculture, textile industry, metallurgy, and circuit boards. The cases handled are complicated and thus the department has accumulated rich experience. It has formed a comprehensive bankruptcy case work guide, and has accumulated rich case handling experience in the clean-up of state-owned zombie enterprises, the disposal of property-less enterprises, the handling of merger and bankruptcy, the handling of related bankruptcy, the research and resolution of difficult and complex problems, and the design and implementation of bankruptcy reorganization. The bankruptcy and reorganization department, whether it is a quick trial or an ordinary procedure, can organize properly, respond flexibly, perform its duties, adhere to its duties, and live up to the trust of the court, creditors and debtors.

The bankruptcy restructuring case of a building curtain wall company handled by the bankruptcy and restructuring department was rated as one of the top ten typical cases of the rule of law in Wuhan to optimize the business environment, the bankruptcy liquidation case of an agricultural joint stock limited company was rated as a typical case of optimizing the business environment in Xiaogan City, and the bankruptcy liquidation case of a cloth industry limited company was rated as a typical case of rapid trial of bankruptcy cases in Xiaogan People 's Court. The Xiaochang County People’ s Court of Xiaogan City has sent a letter to the Wuhan Municipal Bankruptcy Administrator’ s Association, giving a high evaluation of the bankruptcy cases the department has handled, praising the professional team of our administrators, the standard of execution, the standardization of the process, the scientific and delicate work, the balance and refinement of the service, the proficiency and flexibility of the business, and even requesting that the department be given an A grade in the annual assessment of insolvency administrators.