1 Dec 2014
RE YICK KIN CHUNG
- Citation
- RE YICK KIN CHUNG
- Court
- Court of First Instance
- Case number
- HCB1187/2004
The court held that automatic discharge under ss30A and 32 does not extinguish the underlying cause of action; trustees remain entitled and obliged to realise property vested in them and apply proceeds to pay proved bankruptcy debts; interest under s71(2) is payable from any surplus for the period the debts have been outstanding since commencement of the bankruptcy (including periods after discharge when debts remain unpaid); accordingly sale ordered and proved debts (including statutory interest) to be paid from proceeds.