Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Asset transfer/avoidance
  • 16 Jan 2019

    有關債務人黃德智的事宜

    Citation
    [2019] HKCFI 47
    Court
    Court of First Instance
    Case number
    HCB333/2018

    Despite significant credibility concerns and inconsistent sworn statements and insufficient documentary proof of the alleged transfer, the available bank statements and loan statements did not establish that the debtor was plainly able to pay his debts when the petition was presented; therefore the petition was not found to be an abuse of process and a bankruptcy order was made, subject to trustee investigation and potential annulment if assets are recovered or it is shown the debtor could pay at the time of the order.