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Applying for Bankruptcy in Hong Kong.

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  1. #1

    Join Date
    Sep 2020
    Posts
    6

    Exclamation Applying for Bankruptcy in Hong Kong.

    Hi, I am Indonesian and got PR here.

    Here, I have a problem related to Banking - Credit Card and mind to apply bankruptcy. Since 2017/2018, I unable to pay the credit card bill because of my salary was too small and I still need to pay another bills also my living cost. I know that this is my fault.
    I paid for the minimum pay every month and it didn't change anything. I tried to make it monthly and the bank always reject me and they forcely asking me to pay all the balance without any discount or make it montly.

    So, my question if I apply bankruptcy here,what will happen next? Can I still back to my home country? Or if you know everything about bankruptcy, please tell me. Thanks a lot


  2. #2

    I'm sorry to hear about your situation.

    I'm not familiar with bankruptcy law and practice, but there are some notes on the Official Receiver's website which may answer some of your questions:

    https://www.oro.gov.hk/eng/publications/bankguide.htm


  3. #3

    Join Date
    Dec 2002
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    Also some more info on Chin Family ...

    https://www.ifec.org.hk/web/en/money...ankruptcy.page

    Caritas and Tung Wah have some debt counselling services that might be of help:

    https://www.ifec.org.hk/web/en/money...ying-debt.page

    Can I still back to my home country?
    Yes, you can leave HK.

    Whats happening here: https://geoexpat.com/forum/329/threa...ml#post3748068 ??
    traineeinvestor likes this.