12 Oct 2007
FRED LEE AND ANOTHER v. LAM KWOK KEUNG
- Citation
- FRED LEE AND ANOTHER v. LAM KWOK KEUNG
- Court
- Court of First Instance
- Case number
- HCB22795/2002
The court held the bankrupt's pre-bankruptcy conduct was unsatisfactory under s30A(4)(d) because he contracted substantial debt while insolvent (completion finance for Winsome Property), maintained an excessive and disproportionate portfolio of properties that produced large provable debts, and made material misrepresentations/omissions on a credit application; exercising discretion in view of the seriousness and limited mitigating factors, the court suspended the running of the relevant period for automatic discharge for 9 months from 14 January 2007 and made no order as to costs.