Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Bankruptcy petition authorization
  • 6 Jan 2011

    LI MAN YAN v. TSOI KWAI YING

    Citation
    LI MAN YAN v. TSOI KWAI YING
    Court
    Court of First Instance
    Case number
    HCSD15/2010

    The court held there were no unjust circumstances warranting setting aside the statutory demand: the Respondent was a judgment creditor entitled to issue the demand, it was not unreasonable to reject a repayment proposal that subordinated her rights until other creditors were paid, and the Applicant's financial difficulties alone did not justify setting the demand aside; accordingly the application dismissed and the Respondent authorized to present a bankruptcy petition after 21 days.