Bankruptcy in Hong Kong and Property in China

2008-11-02 7:01 am
Hi, my relative is going to apply for personal bankruptcy in Hong Kong and
is wondering what will happen to his properties in the mainland. Please kindly advice. Thank you!

回答 (1)

2008-11-02 7:39 pm
✔ 最佳答案
He would have to disclose the properties to the Official Receiver. The properties will then be sold and the proceeds from the sale will be applied towards repaying his debts. If he withholds information of the properties he will be prosecuted.
參考: Veni - Vidi - Vici

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