Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Adjournment for negotiation
  • 10 Dec 2021

    RE TAM WAI YIU

    Citation
    [2021] HKCFI 3732
    Court
    Court of First Instance
    Case number
    HCB7569/2020

    Self-petitions presented by debtors who do not intend to seek a bankruptcy order and who use the petition solely to obtain a moratorium or to negotiate with creditors constitute an abuse of process and should be dismissed; adjournments will not be granted merely to permit negotiation and the Official Receiver's costs are recoverable from the deposit.