李思行及周慧蘭作為敖家維破產產業的受託人 對 敖家維
On the balance of probabilities the court found the trustees' complaints proved: the bankrupt privately expended at least about HK$130,000 of bonuses and other rewards and failed to timely provide pay records and annual statements; these failures amounted to lack of full and frank disclosure and non-cooperation justifying postponement. The appropriate remedy was to postpone the automatic discharge of the bankruptcy order for two years from 26 October 2024 and to order the bankrupt to pay the trustees' costs, with a costs nisi procedure and set timetable for any taxation objections.
Source excerpt
- Automatic discharge
- Extension of bankruptcy order
- Duty of disclosure
- Income payment order
- Annual report compliance