Read the full judgment text of HCB 011935/2001 on BabelCite. This HCB judgment was delivered on 13 May 2002.
1. This is a petition for self-bankruptcy filed by the debtor on 4 December 2001. The petition is opposed by one creditor, Elect Chem Machinery Trade Ltd, which has obtained a judgment in the District Court against the debtor for the sum of HK$66,000.00. According to the Statement of Affairs filed by the debtor, he has one secured creditor to whom is owed HK$275,883.32 and the debt is secured by a property with an estimated value of HK$260,000.00. The debtor has admitted his indebtedness to 11 u