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HCB000702/2004
HCB 702/2004
IN THE HIGH COURT OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
COURT OF FIRST INSTANCE
BANKRUPTCY PROCEEDINGS NO. 702 OF 2004
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| Re: |
MADAM WONG FOOK LEONG (王福玲又名王麗群) |
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also known as FULING WANG and LIQUN WANG |
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| Ex parte: |
MADAM LAM CHOI PO SHUEN |
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Coram: Hon Chung J in Court
Date of Hearing: 10 May 2004
Date of Judgment: 10 May 2004
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J U D G M E N T
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1. This is a creditor's petition for the debtor's bankruptcy based on a judgment debt in the sum of about $7 million. The judgment debt is undisputed but the debtor opposes the petition and asks for an adjournment on the ground, in essence, that there will be funds available to meet the judgment debt. The assets which are put forward in support of this assertion include :
(1) the debtor's alleged entitlements in certain toll road projects; and
(2) loans which will be advanced to her.
2. Having considered the affirmations and exhibits thereto, I agree with the petitioner that there is insufficient material to support the debtor's assertion.
3. There is no other valid reason to adjourn this petition or to refuse to make a bankruptcy order.
4. Accordingly, there will be the usual bankruptcy order with costs.
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(Andrew Chung) |
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Judge of the Court of First Instance |
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High Court |
Representation:
Mr Lo Wai Ming of Messrs W M Lo & Co., for the Petitioner
Ms Elmis Chui, instructed by Messrs Peter W K Lo & Co., for the Debtor
Mrs C Sit, of Official Receiver's Office
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