Compliance & Enforcement
Compliance & Enforcement
Upon a creditor’s bankruptcy petition presented in July 2017, a bankruptcy order was made against the Defendant in September 2017.
By an order for non-commencement of relevant period under section 30AC(1) of the Bankruptcy Ordinance made by the High Court in April 2018, the Defendant has remained an undischarged bankrupt.
Upon investigation, it was discovered that during the Defendant’s bankruptcy period, the Defendant obtained two loans in the respective sum of HK$30,000 and HK$70,000 from an individual both in June 2023.
The Defendant failed to inform the individual that he was an undischarged bankrupt before obtaining the loans.