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  1. Bankruptcy for lawyer in HK$780m theft case

    Posted Jul 14th 2012, 12:00am

    ... at least HK$780 million of clients' funds was yesterday declared bankrupt by the High Court. Mr Justice Aarif Barma of the Court of First Instance allowed the bankruptcy petition against Navin ... K&L Gates' opposition to the bankruptcy petition. This meant that the law firm would not be able to enforce a court order to recover some HK$131 million in debt from Aggarwal but had ...

  2. 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 ...

  3. Bankruptcy filings drop to five-year low

    Posted Mar 20th 2010, 12:00am by Paggie Leung

    ... Paggie Leung The number of people filing for bankruptcy fell to a five-year low last month, which an academic described as a sign that the economy was recovering. Figures released by the Official Receiver's Office yesterday showed that there were 677 bankruptcy petitions last month, down nearly 55 per cent on a year ago and about 17 per cent lower when compared to January. ...

  4. Bankruptcy petitions fall below 1,000 mark

    Posted Nov 21st 2009, 12:00am by Dennis Eng

    ... Dennis Eng The number of individual monthly bankruptcy filings fell below 1,000 for the first time in a year last month, although the overall situation remains worse than at any time since the outbreak of severe acute respiratory syndrome more than five years ago. The number of bankruptcy filings for October was 992, down 13 per cent month on month, although the figure represented ...

  5. April bankruptcies rise, worse to come

    Posted May 16th 2009, 12:00am by Staff Reporter

    ... Ng Kang-chung Personal bankruptcies rose 56 per cent last month from a year earlier, the latest figures from the Official Receiver's Office show. Some 1,490 personal bankruptcy ... not provide reasons for the improvement in April, but bankruptcy lawyers warned the worst was yet to come. 'The economy is deteriorating,' said Tsui Pui-hung, a partner at Shea and Company. ...

  6. Bankruptcies up 37pc

    Posted Feb 21st 2009, 12:00am by Staff Reporter

    ... Ng Kang-chung Personal bankruptcies in Hong Kong last month were up 37.5 per cent on those in January last year, further evidence that the effects of the global financial crisis are deepening. There were 1,266 bankruptcy petitions last month, a 5.1 per cent decrease from December. But last month's total far surpassed the 921 in January last year, and was the second highest ...

  7. Personal bankruptcy filings fall 9pc in July, but petitions surge this year

    Posted Aug 22nd 2009, 12:00am by Dennis Eng

    ... Dennis Eng The number of personal bankruptcy filings last month totalled 1,475, down 9.1 per cent from June but still up 36 per cent from the 1,081 recorded in July last year. According to figures released by the Official Receiver's Office, the first seven months of this year have seen 10,639 personal bankruptcy filings, two-thirds more than the 6,380 petitions received over ...

  8. Once wealthy, but now hit by bankruptcy

    Posted Apr 18th 2009, 12:00am by Staff Reporter

    ... Ng Kang-chung Personal bankruptcies rose to a five-year high last month- and an increasing number of those were wealthy people battered by the global financial crisis. Figures released by the Official Receiver's Office showed 1,872 personal bankruptcy petitions were filed last month, up almost 25 per cent from February. It was the highest since July 2003, when 1,899 bankruptcy ...

  9. Personal bankruptcy cases rise by 13pc

    Posted Nov 22nd 2008, 12:00am by Staff Reporter

    ... Eva Wu The number of personal bankruptcy petitions rose 13 per cent in the past month, with bankers and law firms expecting more to come as the economy deteriorates further next year. ... neighbours slid into recession, increasing banks' lending risks. Tse Lin-chung, a legal expert who handles bankruptcy cases, said he expected the number of bankruptcy petitions this month ...

  10. Bankruptcy petitions hit post-Sars high

    Posted Mar 21st 2009, 12:00am by Dennis Eng

    ... Dennis Eng The number of personal bankruptcy petitions rose last month to 1,500, the highest level since the Sars outbreak in 2003, reflecting the fallout of the downturn on household ... for businesses fell to 53 last month from 61 in January. There were 1,266 personal bankruptcy petitions in January, bringing the two-month total to 2,766, compared with 1,678 petitions reported ...




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