Former Hong Kong District Councillor Tommy Cheung Bankrupted Over HK$140,000 Debt

Thursday, 11 July 2024, 15:40

Former Hong Kong district councillor Tommy Cheung was declared bankrupt by the High Court due to a HK$140,000 debt after failing to object to the bankruptcy petition. The court order was issued on Thursday, marking a significant financial setback for Cheung.
South China Morning Post
Former Hong Kong District Councillor Tommy Cheung Bankrupted Over HK$140,000 Debt

Former Hong Kong District Councillor Bankrupted

Tommy Cheung, a former district councillor in Hong Kong, faced bankruptcy over a HK$140,000 debt.

Court Order Due to Failure in Objection

The High Court's decision to declare Cheung bankrupt was made when he did not lodge an objection to the bankruptcy petition.

  • Court Determination: Bankruptcy order issued by High Court
  • Debt Amount: HK$140,000
  • Concerns: Financial challenges for Cheung post-bankruptcy

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe