"After receiving the report on the claims by interested party or parties, the people's court shall make a written order to terminate the procedure for publicizing public notice for assertion of claims, and notify the applicant and the payor."
The applicant or the claimants may bring an action in the people's court.
"Article 197 If no claim is asserted, the people's court shall make a judgment on the basis of the application to declare the bill in question null and void."
The judgment shall be published and the payor notified accordingly.
"As of the date of publication of the judgment, the applicant shall be entitled to payment by the payor."
"Article 198 If an interested party for justified reasons was unable to submit his claim to the people's court before the judgment is made, he may, within one year after the day he knows or should know the publication of the judgment, bring an action in the people's court which has made the judgment."
Chapter XIX Procedure for Bankruptcy and Debt Repayment of Legal P erson Enterprises