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  1. Bankruptcies fall to near 10-year low

    Posted Nov 20th 2010, 12:00am by Staff Reporter

    ... Staff Reporter Personal bankruptcies fell to an almost 10-year low last month, according to the latest figures from the Official Receiver's Office. Bankruptcy petitions in October ... by creditors- the lowest number since the 39 in June 2007. For the first 10 months of the year, the number of bankruptcy petitions totalled 7,717, down more than 44 per cent compared to the same period ...

  2. Hopeful signs with visitors up, bankruptcies down

    Posted Feb 20th 2010, 12:00am by Dennis Eng

    ... James Tien Pei-chun said. Hong Kong attracted about 4.5 million visitors in the first six weeks of this year, up 13.6 per cent year on year. Meanwhile, personal bankruptcy petitions fell to 814 ... for businesses, down from 66 in December and 61 a year ago. Despite the unprecedented destruction of household wealth and the deterioration of global trade amid the downturn, bankruptcy data does ...

  3. Former top silk's son trying to settle bankruptcy order

    Posted Oct 16th 2003, 12:00am by Staff Reporter

    ... The barrister son of former top silk Sir John Swaine is trying to settle a bankruptcy order with the secretary for justice. Lawyer Carmen Ho, for the justice secretary, told the Court of First Instance yesterday that a bankruptcy petition had been served on John Joseph Edward Swaine on September 29. The parties were now in negotiations, she said. Ms Ho applied to adjourn ...

  4. 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... ...

  5. Momentous events that rocked the world

    Posted Dec 04th 2009, 12:00am by Staff Reporter

    ... venue for the first time when it held the equestrian event. September 2008: Lehman Brothers files for bankruptcy On September 14, Lehman Brothers sent shockwaves through the global financial system when it filed for bankruptcy in a New York court. The next day, global equity markets collapsed as a result of the bankruptcy of one of the oldest Wall Street banks. The central banks, led ...

  6. 2m lose jobs as 4,800 toy firms collapse

    Posted Jan 06th 2009, 12:00am by Toh Han Shih

    ... have spoken to all the 100-odd Hong Kong toymakers affected by KB Toys' bankruptcy to explore how they could work together in pushing their claims in US bankruptcy proceedings against KB Toys, he said. Mr Chan said Li & Fung had a US$5 million payment claim against KB Toys. 'We want to work as partners with vendors in the bankruptcy courts in the US.' This year, US ...

  7. In Brief

    Posted Jul 16th 2005, 12:00am by Staff Reporter

    ... trend for bankruptcy filings The number of personal bankruptcy filings held steady at 810 last month, after May petitions dropped 4.37 per cent from a month earlier. Year on year, last month's bankruptcy numbers were down almost 25 per cent. A total of 881 personal bankruptcy orders were made by the court in June. It is a drop of 23 from May and is 379 fewer than a year ago. ...

  8. PCCW plunges further on stake sale concerns

    Posted Sep 19th 2008, 12:00am by Staff Reporter

    ... to the Lehman situation.' US investment bank Lehman Brothers Holdings filed for bankruptcy this week, and Hong Kong's High Court has appointed KPMG as liquidator to its two units in the city. ...

  9. In Brief

    Posted May 21st 2010, 12:00am by Staff Reporter

    ... the US investment bank went bankrupt in September 2008. Half as many bankruptcies in April compared with a year ago The number of personal bankruptcy petitions fell to 770 last month, down 17.65 ... just over half of the 6,128 petitions in the same period of last year. Of the 770 bankruptcies, 53 were submitted by creditors, a 12-month low. The four-month tally for petitions presented ...

  10. In Brief

    Posted Nov 06th 2008, 12:00am by Staff Reporter

    ... Chefs to face court over graft Six chefs from five restaurants and a recreation club have been charged with bribery in connection with the provision of frozen food supplies, the Independent Commission Against Corruption said. They will appear in Eastern C ...




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