香港的insolvency law 係邊個chapter or ordinance? pls help

香港的insolvency law 係邊個chapter or ordinance? pls help

如果可以,可否比個link,等我可以睇到insolvency law 的details

Thank you very much.

1 Answer

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  • ?
    Lv 5
    1 decade ago
    Best Answer

    Is it this one ?

    CHAPTER CHOSEN: CAP 6 BANKRUPTCY ORDINANCE

    Section 6A - Definition of "inability to pay", etc.; the statutory demand - 01/04/1998

    (1)For the purposes of section 6(2)(c), the debtor appears to be

    unable to pay a debt if, but only if, the debt is payable immediately and either-

    (a)the petitioning creditor to whom the debt is owed has served on the debtor a demand (known as "the statutory demand") in the prescribed form requiring him to pay the debt or to secure or compound for it to the satisfaction of the creditor, at least 3 weeks have elapsed since the demand was served and the demand has been neither complied with nor set aside in accordance with the rules; or

    (b)execution or other process issued in respect of the debt on a judgment or order of any court in favour of the petitioning creditor, or one or more of the petitioning creditors to whom the debt is owed, has been returned unsatisfied in whole or in part.

    (2)For the purposes of section 6(2)(c) the debtor appears to have no reasonable prospect of being able to pay a debt if, but only if, the debt is not immediately payable and-

    (a)the petitioning creditor to whom it is owed has served on the debtor a demand (also known as "the statutory demand") in the prescribed form requiring him to establish to the satisfaction of the creditor that here is a reasonable prospect that the debtor will be able to pay the debt when it falls due;

    (b)at least 3 weeks have elapsed since the demand was served; and

    (c)the demand has been neither complied with nor set aside in accordance with the rules. (Added 76 of 1996 s. 4)

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