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  1. Bankruptcies down

    Posted Oct 19th 2007, 12:00am by Dennis Eng

    ... Dennis Eng Personal bankruptcy petitions fell in September to 777 from 1,016 in August, a decline of 23.5 per cent month on month and down about 14 per cent year on year, the government ... global economic growth and a tighter credit market still looms, bankruptcy figures usually lag by six to 12 months, with economists expecting them to stay quite strong for the rest of the year. ...

  2. In Brief

    Posted Nov 17th 2007, 12:00am by Staff Reporter

    ... Bankruptcy petitions increase A total of 931 petitions for bankruptcy were presented in October, up 19.8 per cent on September and 4 per cent on October last year. Subcommittee to focus on elderly The Legislative Council's welfare services panel will set up a subcommittee to examine the living conditions of the elderly and the services provided by homes. ...

  3. Bankruptcy case reform won't end graft, say lawyers

    Posted Oct 22nd 2007, 12:00am by Staff Reporter

    ... He Huifeng Bankruptcy lawyers, administrators, auction agencies and appraisers in Shenzhen are to be appointed publicly by random selection processes, such as drawing lots, as the Intermediate People's Court begins enforcing measures to tighten its management of bankruptcy cases. But industry insiders predict the reforms will do little to end corruption. Under the measures, ...

  4. Promoter given bankruptcy order

    Posted Apr 11th 2007, 12:00am by Staff Reporter

    ... Loretta Fong Cheung Yiu-wing was ordered by the Court of First Instance yesterday to declare bankruptcy. The veteran promoter was being chased by the listed investment company CASH Financial to repay the HK$4.82 million cost of a lost legal battle in June last year. The court had heard that Mr Cheung filed a High Court writ in 2000, claiming CASH chairman Bankee Kwan Pak-hoo ...

  5. Surge in bankruptcy cases for shopaholics

    Posted Jan 23rd 2007, 12:00am by Staff Reporter

    ... Helen Wu City's reputation as a retail paradise a hell for some, treatment centres reveal The number of bankruptcy cases linked to compulsive shoppers is rising rapidly, according ... bankruptcy cases were related to overspending last year. In 2003, there were only 319. Lee Sing, director of the Hong Kong Mood Disorders Centre at Chinese University, said its staff had seen ...

  6. Lower-level courts face bankruptcy when fees are slashed

    Posted Mar 15th 2007, 12:00am by Josephine Ma

    ... But delegates yesterday warned that the rule could prove counterproductive because it would bring many courts, particularly those in inland regions, to the brink of bankruptcy. At present, about half ...

  7. Personal credit data threatened

    Posted May 23rd 2007, 12:00am by Andy Chen

    ... Andy Cheng Hong Kong's privacy watchdog has proposed extending credit data accessible by banks from five years to nine years on individuals who declare bankruptcy without defaulting on any loans. As bankruptcy cases are in general discharged after four years- when the bankrupted person cannot borrow from banks- the proposed extension would allow lenders to actually monitor ...

  8. New law strengthens creditor protection

    Posted Jun 04th 2007, 12:00am by Enoch Yiu

    ... Enoch Yiu The new China Corporate Bankruptcy Law, which took effect last Friday, will enhance protection for creditors and bring the mainland's winding-up legislation in line ... state-owned enterprises to be classified as bankrupt. The new law follows international practice and means anyone, from the creditors to the debtor company, can file a bankruptcy claim ...

  9. go for broke

    Posted Jun 10th 2007, 12:00am by David Wilson

    ... David Wilson Bankruptcy has its attractions. For instance, it might mean you don't need a burglar alarm or home insurance. So why not consider declaring e-mail bankruptcy? Sure, ... scooter then recollect your adventures in a wacky travelogue. Declaring e-mail bankruptcy, however, might be easier. It means you only have to hit 'Reply All' and tell the world ...

  10. Events

    Posted Nov 26th 2007, 12:00am by Staff Reporter

    ... Today: American Chamber of Commerce luncheon: 'Maximising what exists: Renovating and refurbing Hong Kong's older buildings'. Ritz-Carlton. Tomorrow: British Chamber of Commerce breakfast: 'China's new enterprise bankruptcy law and related legislative changes'. Hong Kong Club. Wednesday, November 28: InterCham joint luncheon: 'Greater Pearl ...




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