Hong Kong Regulations

BANKRUPTCY RULES - RULE 45

Information to be given in statutory demand

(Past version on 30/06/1997).

(1) The statutory demand must include an explanation to the debtor of the
following matters-

   (a)  the purpose of the demand, and the fact that, if the debtor does not
        comply with the demand, bankruptcy proceedings may be commenced
        against him;

   (b)  the time within which the demand must be complied with, if that
        consequence is to be avoided;

   (c)  the methods of compliance which are open to the debtor; and

   (d)  his right to apply to the court for the demand to be set aside.

(2) The statutory demand must-

   (a)  specify one or more named individuals with whom the debtor may, if he
        wishes, enter into communication with a view to securing or
        compounding for the debt to the satisfaction of the creditor or (as
        the case may be) establishing to the creditor's satisfaction that
        there is a reasonable prospect that the debt will be paid when it
        falls due; and

   (b)  in the case of any individual so named in the demand give his address
        and also his telephone number (if any). (L.N. 77 of 1998)