The bankruptcy reconciliation process has the following steps: 1, the debtor applies to the people's court for reconciliation, and at the same time needs to submit a draft reconciliation agreement; 2. If it meets the requirements, the court will make an announcement after ruling; 3. Convene a creditors' meeting and vote on the settlement agreement; 4. After the resolution on the agreement is passed and implemented, the settlement procedure ends. Article 95 of the Enterprise Bankruptcy Law stipulates that the debtor may directly apply to the people's court for reconciliation in accordance with the provisions of this law; You can also apply to the people's court for reconciliation after the people's court accepts the bankruptcy application and before declaring the debtor bankrupt. When applying for conciliation, the debtor shall submit a draft conciliation agreement. The first paragraph of Article 96 stipulates that if the people's court considers that the application for reconciliation conforms to the provisions of this Law after examination, it shall make a ruling on reconciliation, make a public announcement and convene a creditors' meeting to discuss the draft settlement agreement. Article 95 of the Enterprise Bankruptcy Law The debtor may directly apply to the people's court for reconciliation in accordance with the provisions of this law. You can also apply to the people's court for reconciliation after the people's court accepts the bankruptcy application and before declaring the debtor bankrupt. When applying for conciliation, the debtor shall submit a draft conciliation agreement. Article 96, paragraph 1, of the Enterprise Bankruptcy Law If the people's court considers that the application for settlement conforms to the provisions of this law after examination, it shall make a ruling on settlement, make a public announcement and convene a creditors' meeting to discuss the draft settlement agreement.