RE TANG SIK HO

RE TANG SIK HO

The court was satisfied as to proof of the debt and service of the statutory demand and, absent satisfactory evidence of a viable loan or a financially able guarantor and given unexplained delay since service of the demand, there was no reasonable prospect of payment; accordingly a bankruptcy order was made.

Citation
RE TANG SIK HO
Parties
Judgment Creditor: CHEERY CITY CONTRACTORS LIMITED; Judgment Debtor: TANG SIK HO; Official Receiver: Mr Glen
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
8 July 2002
Case Number
HCB3118/2002
Procedural Posture
Bankruptcy / Hearing and Judgment
Outcome
Bankruptcy order made against the Judgment Debtor
Legal Topics
Statutory Demand, Bankruptcy Order, Proof of Debt, Service of Statutory Demand, Repayment Proposal, Guarantee
Source Language
EN
Bankruptcy Insolvency Civil Procedure Statutory Demand Bankruptcy Order Proof of Debt Service of Statutory Demand Repayment Proposal +1 more

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Parties

CHEERY CITY CONTRACTORS LIMITED

Judgment Creditor

TANG SIK HO

Judgment Debtor

Mr Glen

Official Receiver

Procedural Posture

Bankruptcy / Hearing and Judgment

Legal Issues

  1. 1 Whether the debt and service of the statutory demand were proved
  2. 2 Whether the debtor showed a reasonable prospect of payment
  3. 3 Whether an adjournment should be granted to obtain a loan or guarantor

Ratio Decidendi

The court was satisfied as to proof of the debt and service of the statutory demand and, absent satisfactory evidence of a viable loan or a financially able guarantor and given unexplained delay since service of the demand, there was no reasonable prospect of payment; accordingly a bankruptcy order was made.

Court Disposition

Bankruptcy order made against the Judgment Debtor

Orders

  • Make a bankruptcy order against Tang Sik Ho