Re: Leon Valiant Scheman and Ex Parte: CMG Asia Ltd
Given that a statutory demand had been served, the petition was filed and the debtor admitted the debt at the hearing, the court was satisfied a bankruptcy order should be made and accordingly made the order with costs.
- Citation
- Re: Leon Valiant Scheman and Ex Parte: CMG Asia Ltd
- Parties
- Petitioner: CMG Asia Ltd.; Debtor: Leon Valiant Scheman; Interested Party: Official Receiver
- Court
- Court of First Instance
- Jurisdiction
- Hong Kong
- Judgment Date
- 3 December 2001
- Case Number
- HCB2407/2001
- Procedural Posture
- Bankruptcy Petition / Hearing; Bankruptcy Order Made
- Outcome
- Bankruptcy order made against the debtor
- Legal Topics
- Statutory Demand, Agency Agreement, Guaranteed Income Agreement, Bankruptcy Order, Admission of Debt, Costs
- Source Language
- EN
Case Brief
Summary, issues, holding and outcome
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Parties
CMG Asia Ltd.
Petitioner
Leon Valiant Scheman
Debtor
Official Receiver
Interested Party
Procedural Posture
Bankruptcy Petition / Hearing; Bankruptcy Order Made
Legal Issues
- 1 Whether petitioner established the existence and amount of the debt
- 2 Whether statutory demand was properly served and complied with
- 3 Whether circumstances entitled petitioner to a bankruptcy order
Ratio Decidendi
Given that a statutory demand had been served, the petition was filed and the debtor admitted the debt at the hearing, the court was satisfied a bankruptcy order should be made and accordingly made the order with costs.
Court Disposition
Bankruptcy order made against the debtor
Orders
- Bankruptcy order made against Leon Valiant Scheman
- Costs awarded to petitioner CMG Asia Ltd.
Full Case Text
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