3 Oct 2005
RE YEUNG KANG LAM
- Citation
- RE YEUNG KANG LAM
- Court
- Court of First Instance
- Case number
- HCB5166/2005
The statutory demand was properly served and the debtor failed to demonstrate present ability to pay or a viable, non‑contingent proposal for a voluntary arrangement; the repayment proposals were speculative and dependent on future success of an employer's project, and therefore a bankruptcy order should be made.