3 Oct 1985
RE CHAN SHING WO
- Citation
- RE CHAN SHING WO
- Court
- Court of First Instance
- Case number
- HCB612/1985
The court will not invoke the 15% rule to defeat preferential wage claims where appreciable assets exist that would satisfy preferred creditors; the debtor failed to prove a reasonable prospect of payment or provide adequate particulars of proposed funding, therefore no adjournment should be granted and a Receiving Order should be made.