Starting from the description of the significance and character is tics of bankruptcy, and through domestic and international legislation analyses on the confirmation of bankruptcy range, this paper studies and discusses on th e difficulties and doubtful points in the enterprise bankruptcy in China at pres ent, and advances some suggestions on how to confirm the actual value of bankrup tcy.

This article utilizes Porter s value chain analysis method to analyzes enterprise s inside and outside environment , and points out that through optimized enterprise internal value chain we can establish cost superiority.