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  1. Bicycle giant teeters on brink of bankruptcy

    Posted Aug 17th 2005, 12:00am by Toh Han Shih

    ... not wish to see China Bicycle wound up. It hoped to restructure the troubled firm's debt in the course of the bankruptcy settlement proceedings, so that it could continue operating normally ...

  2. Personal bankruptcies drop by over 4pc

    Posted Jun 18th 2005, 12:00am by Dennis Eng

    ... Dennis Eng The 4.37 per cent dip in the number of personal bankruptcies- down by 37 to 810- last month compared with April has been attributed to an improving economy. Last month's bankruptcy filings also dropped by 22.71 per cent compared with the same period a year ago. About 85 per cent of the May bankruptcies were filed by debtors. Winding-up petitions also fell to 69 last ...

  3. Bankruptcy applications hit four-year low

    Posted Mar 19th 2005, 12:00am by Martin Wong

    ... Martin Wong Personal bankruptcy applications hit a four-year low of 640 last month, down 29 per cent from 900 in January, the Official Receiver's Office reported yesterday. The number ... senior manager of Liu Chong Hing Bank, said the lower numbers were due partly to the Lunar New Year being in February this year, since fewer people file for bankruptcy during the holiday. Last ...

  4. Jobs boost seen as bankruptcy petitions fall

    Posted May 21st 2005, 12:00am by Dennis Eng

    ... Dennis Eng The number of personal bankruptcy petitions declined by 10, to 847, in April- a sign, one economist said, that brighter employment prospects and better job security are helping people's finances, despite the spectre of rising interest rates. Last month's personal bankruptcy filings represent a drop of just over 1.1 per cent from March but a decline of about 13.8 per ...

  5. New bankruptcy legislation will aid continued reform

    Posted Jun 30th 2005, 12:00am by Kate Watson

    ... Reports by Kate Watson CHINA'S NEW DRAFT Bankruptcy Law, presented to the National People's Congress for deliberation last summer, is expected to come into effect before ... of a modern-day and effective credit system. 'The legislation aims to draw together the fragments of bankruptcy law that exist in China and to introduce a system of bankruptcy practice ...

  6. Bankruptcy law poses challenges for creditors

    Posted May 17th 2005, 12:00am by Toh Han Shih

    ... Toh Han Shih Legal ambiguities and enforcement constraints will remain Creditors in mainland bankruptcy cases will still face legal ambiguities and enforcement constraints even after the passage of the country's new bankruptcy law, foreign lawyers say. The law, slated for passage as early as this year, outlines bankruptcy proceedings and is intended to replace vague ...

  7. Bankruptcy filings hit high for year

    Posted Aug 20th 2005, 12:00am by Dennis Eng

    ... Dennis Eng The number of petitions for personal bankruptcy submitted in July was up 133 from June, to 943- the highest monthly total this year, but nearly 10 per cent fewer than filings a year earlier. According to the Official Receiver's Office, in the seven months to July, 5,807 filings were made, down 24 per cent year on year. 'We're back to 2001 levels... ...

  8. HK personal bankruptcy petitions hit four-year low

    Posted Jan 21st 2005, 12:00am by Nick Gentle

    ... Nick Gentle An improving economy and better risk management among banks and consumers saw the number of Hong Kong people applying for bankruptcy last year hit a four-year low, according to figures released yesterday. The figures, issued by the Official Receiver's Office, showed that 12,489 petitions for bankruptcy were made last year, down 9,603- or 43.46 per cent- from 2003. ...

  9. New rules to govern broker bankruptcies

    Posted Jul 28th 2005, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing The Chinese government has issued new rules governing bankruptcy in the country's securities industry, foreshadowing more closures in the troubled sector. The regulations, issued on Tuesday by the People's Bank of China (PBOC), the Ministry of Finance and the China Securities Regulatory Commission (CSRC), lay out procedures for local governments ...

  10. SAIC, ally assemble vehicle for Rover bid

    Posted Jul 15th 2005, 12:00am by Eric Ng

    ... and that the deal would include the construction of a design and engineering centre at Longbridge, employing between 1,300 and 1,600 workers. MG Rover's bankruptcy administrator, ...




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