24 Mar 2015
RE LI, CHUNG YAN HILDA
- Citation
- RE LI, CHUNG YAN HILDA
- Court
- Court of First Instance
- Case number
- HCB8025/2013
Debtors failed to establish a bona fide defence on substantial grounds and failed to show ability or reasonable prospect of being able to pay the debt; the bank, holding a third‑party government guarantee, remains entitled to pursue the guarantors and is not a secured creditor under the Ordinance, therefore bankruptcy orders (order nisi) were granted against the debtors and the petitions were not adjourned further.