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  1. Declining bankruptcy figures hint at recovery

    Posted May 22nd 2004, 12:00am by Joseph Lo

    ... on its way to recovery, as personal bankruptcy petitions fell to a three-year low and deflation closed in on the zero mark. Personal bankruptcy petitions last month fell to 983 from 1,296 from March, the Official Receiver's Office revealed. The April figure represents the lowest number of bankruptcy filings since the same month in 2001, when 647 people filed for bankruptcy ...

  2. 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 ...

  3. 40pc jump in personal bankruptcy petitions

    Posted Apr 22nd 2006, 12:00am by Dennis Eng

    ... Dennis Eng Personal bankruptcy petitions shot up to 1,016 last month, the highest monthly level since November 2004 and a jump of more than 40 per cent from a month ago, the government ... last year. City University associate professor of economics and finance Li Kui-wai said he was puzzled by the large month-on-month jump in personal bankruptcies given the robust economic ...

  4. Fears over recovery as oil soars to US$49

    Posted Aug 21st 2004, 12:00am by Denise Tsang

    ... cards are whether Russian oil company Yukos will file for bankruptcy and whether the war in southern Iraq will intensify.' In the absence of a regulated mechanism allowing them to pass ...

  5. In Brief

    Posted Jul 15th 2006, 12:00am by Staff Reporter

    ... China Southern Securities bankruptcy approved The Shenzhen City Middle People's Court has approved a bankruptcy application for China Southern Securities, 21/2 years after the failed brokerage was placed under the custody of the China Securities Regulatory Commission with debts of 20 billion yuan following the embezzlement of retail clients' deposits. Creditors have 90 days ...

  6. In Brief

    Posted Jan 20th 2007, 12:00am by Staff Reporter

    ... developers to focus on lower-density luxury housing. There would not be a housing shortage, he said. Bankruptcy petitions up 6pc in December Personal bankruptcy petitions last month totalled 762, down nearly a quarter on November's figure but up nearly 6 per cent on the number filed in December 2005. The Official Receiver's Office received 10,685 bankruptcy petitions last ...

  7. Smart Money

    Posted Nov 28th 2011, 12:00am

    ... Banking Crisis. www.creditslips.org Eight academics from law and finance post articles and blog on this site about the mechanics and details of credit, bankruptcy and financial institutions. If you trade on credit-risk events such as bankruptcy filings and reorganisations, Creditslips gives you the resources and updated trade information to understand the market. Discussions on new ...

  8. Insolvency fund payouts up 80pc last year

    Posted Feb 11th 2010, 12:00am by Martin Wong

    ... Martin Wong Investment company closures last year pushed government insolvency fund expenditure to HK$174 million for the year, up 80 per cent year on year. Average individual claim amounts rose 30 per cent to HK$26,000, Wages on Insolvency Fund Board cha ...

  9. Europe's other bad-debt problem

    Posted Mar 04th 2012, 12:00am

    ... The markets have anticipated Greece's last-minute reprieve from disorderly bankruptcy. In the lead-up to last month's Euro130 billion (HK$1.3 trillion) bailout deal, the Hang ... that will need to be refinanced. Greece still faces bankruptcy. Doubts remain that its people are prepared to accept a punishing austerity programme that is part of the bailout bargain. The rescue has ...

  10. S.M.E. credit crisis 'could sweep China'

    Posted Oct 04th 2011, 12:00am

    ... May Chan may.chan@scmp.com The failure of a number of small and medium-sized businesses in Wenzhou marks the beginning of a much larger wave of corporate bankruptcies across the rest ... is definitely not the end.' Since January local media had reported 19 medium-sized corporate bankruptcies in Wenzhou, said a report by Barclays Capital. They accounted for only a small fraction ...




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