Hong Kong Ordinances

BANKRUPTCY ORDINANCE - SECT 10

Grounds of debtor's petition

(Past version on 30/06/1997).

(1) A debtor's petition may be presented to the court only on the ground that
the debtor is unable to pay his debts.

(2) The petition shall be accompanied by a statement of the debtor's affairs
containing-

   (a)  such particulars of the debtor's creditors and of his debts and other
        liabilities and of his assets as may be prescribed; and

   (b)  such other information as may be prescribed.

(3) A debtor's petition may be presented whether or not the aggregate amount
of indebtedness is equal to or exceeds the amount provided for a creditor's
petition under section 6(2)(a). (Replaced 76 of 1996 s. 7)