RE LIU WING KIN

RE LIU WING KIN

Because the debtor demonstrated inability to pay his total indebtedness and provided full and detailed disclosure addressing the bank's concerns, the opposing creditor withdrew its opposition and the court made a bankruptcy order with no order as to costs.

Citation
RE LIU WING KIN
Parties
Debtor/petitioner: Liu Wing Kin; Opposing Creditor: Standard Chartered Bank; Official Receiver: Official Receiver
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
9 September 2002
Case Number
HCB8385/2002
Procedural Posture
Bankruptcy Proceedings / Judgment (bankruptcy Order Made)
Outcome
Bankruptcy order made against the debtor; no order as to costs.
Legal Topics
Bankruptcy Order, Creditor Opposition, Disclosure of Assets, Statement of Affairs
Source Language
EN
Bankruptcy Insolvency Civil Procedure Bankruptcy Order Creditor Opposition Disclosure of Assets Statement of Affairs

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 1 Party arguments 2 Amounts and remedies 3
Sign in to unlock

Parties

Liu Wing Kin

Debtor/petitioner

Standard Chartered Bank

Opposing Creditor

Official Receiver

Official Receiver

Procedural Posture

Bankruptcy Proceedings / Judgment (bankruptcy Order Made)

Legal Issues

  1. 1 Whether the debtor is unable to pay his debts
  2. 2 Whether the debtor's Statement of Affairs and subsequent disclosure adequately explained property transactions and application of proceeds
  3. 3 Whether the bank's opposition should prevent the making of a bankruptcy order

Ratio Decidendi

Because the debtor demonstrated inability to pay his total indebtedness and provided full and detailed disclosure addressing the bank's concerns, the opposing creditor withdrew its opposition and the court made a bankruptcy order with no order as to costs.

Court Disposition

Bankruptcy order made against the debtor; no order as to costs.

Orders

  • Bankruptcy order made against Liu Wing Kin
  • No order as to costs