RE WONG FOOK LEONG

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)
	also known as FULING WANG and LIQUN WANG
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.

	(Andrew Chung)
	Judge of the Court of First Instance
	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