Even with courts largely closed from February to April, the number of Hongkongers filing for bankruptcy was 12.5 per cent higher for the first five months of 2020. Photo: Sam Tsang Even with courts largely closed from February to April, the number of Hongkongers filing for bankruptcy was 12.5 per cent higher for the first five months of 2020. Photo: Sam Tsang
Even with courts largely closed from February to April, the number of Hongkongers filing for bankruptcy was 12.5 per cent higher for the first five months of 2020. Photo: Sam Tsang

Coronavirus: Hong Kong bankruptcies for May the worst since 2003 Sars epidemic, as experts paint dour picture of road ahead

  • With courts closed or barely working from February to April, the first five months of the year still saw personal bankruptcies climb 12.5 per cent from 2019
  • Liquidation expert says residents will try to solve cash-flow issues as long as they can, but ultimately it will be ‘much worse’ than during Sars epidemic

Topic |   Coronavirus pandemic
Even with courts largely closed from February to April, the number of Hongkongers filing for bankruptcy was 12.5 per cent higher for the first five months of 2020. Photo: Sam Tsang Even with courts largely closed from February to April, the number of Hongkongers filing for bankruptcy was 12.5 per cent higher for the first five months of 2020. Photo: Sam Tsang
Even with courts largely closed from February to April, the number of Hongkongers filing for bankruptcy was 12.5 per cent higher for the first five months of 2020. Photo: Sam Tsang
READ FULL ARTICLE